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RE: What was the original purpose of AMT?

Posted on: April 26, 2017 at 13:54:06 CT
meatiger MU
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I believe it would force you to pay a certain percentage of your income regardless of deductions...so you could not deduct your entire income and then pay zero taxes. I am not sure how many people it impacted, but it has grown over time, because I think it was never adjusted for inflation or some other factors
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Tax proposal cliff notes: massive cuts for the top earners - MrBlueSky MU - 4/26 13:37:42
     They won't get this done by Friday - raskolnikov MU - 4/26 13:48:34
          For what it is worth, Donald Trump was not given a billion - ummmm MU - 4/26 14:12:39
               He inherited what in today's terms would be more than a B(nm) - raskolnikov MU - 4/26 14:32:28
               Facts are not an obstacle for a Raz rant.... - Spanky KU - 4/26 14:16:25
                    Adjust it for inflation(nm) - raskolnikov MU - 4/26 14:33:00
          Why do you hate successful people? - GODZILLA MU - 4/26 13:52:35
               I don't care for frauds & thieves. Don is demonstrably both(nm) - raskolnikov MU - 4/26 14:34:05
                    Supported Obama nonstop, and Hillary. You lie Ras. - RHAYWORTH MU - 4/26 14:43:27
                         Totally incorrect - raskolnikov MU - 4/26 15:29:25
               Hopefully more people are hired(nm) - DevilsAdvocate MU - 4/26 13:54:47
          Good I am. So are most on here by lib standards - tman KC - 4/26 13:51:43
          Stock market didn't move either way. - catbirdseat MU - 4/26 13:51:20
     What was the original purpose of AMT? - tman KC - 4/26 13:43:00
          To confuse the hell out of people(nm) - DevilsAdvocate MU - 4/26 13:58:23
          RE: What was the original purpose of AMT? - meatiger MU - 4/26 13:54:06
               It originally impacted 155 total individuals - tman KC - 4/26 13:58:24
                    RE: It originally impacted 155 total individuals - meatiger MU - 4/26 14:01:57
                         So getting g rid of it and eliminating the original - tman KC - 4/26 14:05:36
                              I generally agree - meatiger MU - 4/26 14:09:54
                                   I would be ok with eliminating things such is - tman KC - 4/26 14:33:57
     Your not being honset here, - GODZILLA MU - 4/26 13:40:36
          It's all here - MrBlueSky MU - 4/26 13:43:04
               Yes no mention of a tax increase for middle class. - GODZILLA MU - 4/26 13:45:37
                    The brackets will be 15, 25, 35 - MrBlueSky MU - 4/26 13:46:10
                         No. But that should make you happy. Libs love tax - tman KC - 4/26 13:50:34
                         While doubling the standard deductions and increases - GODZILLA MU - 4/26 13:50:30
                              What is happening with personal exemptions?(nm) - DevilsAdvocate MU - 4/26 13:51:15
          See my example below... - DevilsAdvocate MU - 4/26 13:42:44
               The 25% bracket will be an increase for many people (nm) - MrBlueSky MU - 4/26 13:43:42




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