Comments on: Is Anyone Else Confused and Annoyed by the Alternative Minimum Tax?! http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/ Attempts at a Sustainable Lifestyle... Sat, 21 Nov 2009 16:47:07 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: What About the Alternative Minimum Tax (AMT)? — The Baglady http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/comment-page-1/#comment-2039 What About the Alternative Minimum Tax (AMT)? — The Baglady Tue, 24 Jun 2008 22:24:15 +0000 http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/#comment-2039 [...] have written about the AMT before and pointed out that it is no longer a tax for the rich even though it was designed to be a [...] [...] have written about the AMT before and pointed out that it is no longer a tax for the rich even though it was designed to be a [...]

]]> By: What Do You Want the Next American President to Do About Your Money? — The Baglady http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/comment-page-1/#comment-983 What Do You Want the Next American President to Do About Your Money? — The Baglady Fri, 11 Jan 2008 01:36:31 +0000 http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/#comment-983 [...] but I don’t like how ridiculously complicated the system is. I have written previously about the AMT and the marriage penalty and I think all these weird exceptions should be ironed out and [...] [...] but I don’t like how ridiculously complicated the system is. I have written previously about the AMT and the marriage penalty and I think all these weird exceptions should be ironed out and [...]

]]> By: qmc http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/comment-page-1/#comment-694 qmc Tue, 04 Dec 2007 17:59:15 +0000 http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/#comment-694 Like many other things, nobody had the foresight to account for inflation. If you think of x% of your income going to the feds, and y% of your income going to the state, you should pay (x+y)%. Not x% + (1-x) * y%. That being said, politicians like taxing the rich. The rest of the people don't complain as much and they only lose donations/votes of the rich... a much smaller percentage. Like many other things, nobody had the foresight to account for inflation.

If you think of x% of your income going to the feds, and y% of your income going to the state, you should pay (x+y)%. Not x% + (1-x) * y%.

That being said, politicians like taxing the rich. The rest of the people don’t complain as much and they only lose donations/votes of the rich… a much smaller percentage.

]]> By: Erin http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/comment-page-1/#comment-684 Erin Mon, 03 Dec 2007 16:39:27 +0000 http://baglady.dreamhosters.com/2007/12/02/is-anyone-else-confused-and-annoyed-by-the-alternative-minimum-tax/#comment-684 Yes! I am fully frustrated by the AMT. It bothers me that we could be affected by it this year (it people that make between 75-150k fall in that range). I hope they do something about it soon. Also, I would love a simple scale to tell me if we qualify. Like, you make over X amount you qualify for AMT, under you don't. It seems like there are too many variables. It REALLY bothers me that it's no longer just a tax on the rich. The govt needs to fix this quick. Yes! I am fully frustrated by the AMT. It bothers me that we could be affected by it this year (it people that make between 75-150k fall in that range). I hope they do something about it soon.

Also, I would love a simple scale to tell me if we qualify. Like, you make over X amount you qualify for AMT, under you don’t. It seems like there are too many variables.

It REALLY bothers me that it’s no longer just a tax on the rich. The govt needs to fix this quick.

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