House just passed the AMT patch – one year of certain increased deductions it appears. To pay for it – looks like “investment managers” income will be taxed as ordinary income.
If the patch really makes it all the way through, this could be a good time to cash in some stock.
I think the final bill was a bi-partisan compromise and the legislators know that there are going to be a LOT of pissed off constituents if something isn’t done.
We were first hit with the AMT in 1987 – it was so unheard of that our accountant wasn’t even aware of it (got a bill + penalty later). I think I saw that it would affect 21 million people this year.
I think the final bill was a bi-partisan compromise and the legislators know that there are going to be a LOT of pissed off constituents if something isn’t done.
We were first hit with the AMT in 1987 – it was so unheard of that our accountant wasn’t even aware of it (got a bill + penalty later). I think I saw that it would affect 21 million people this year.
I think the final bill was a bi-partisan compromise and the legislators know that there are going to be a LOT of pissed off constituents if something isn’t done.
We were first hit with the AMT in 1987 – it was so unheard of that our accountant wasn’t even aware of it (got a bill + penalty later). I think I saw that it would affect 21 million people this year.
I think the final bill was a bi-partisan compromise and the legislators know that there are going to be a LOT of pissed off constituents if something isn’t done.
We were first hit with the AMT in 1987 – it was so unheard of that our accountant wasn’t even aware of it (got a bill + penalty later). I think I saw that it would affect 21 million people this year.
hey, look at me, i’m a single individual with no home, no personal business, no kids, no nothing, a higher than median income and i already pay the maximum in taxes. i don’t know how to game the tax code, i’m an idiot.
hey, look at me, i’m a single individual with no home, no personal business, no kids, no nothing, a higher than median income and i already pay the maximum in taxes. i don’t know how to game the tax code, i’m an idiot.
hey, look at me, i’m a single individual with no home, no personal business, no kids, no nothing, a higher than median income and i already pay the maximum in taxes. i don’t know how to game the tax code, i’m an idiot.
hey, look at me, i’m a single individual with no home, no personal business, no kids, no nothing, a higher than median income and i already pay the maximum in taxes. i don’t know how to game the tax code, i’m an idiot.
It’s anything but a bi-partisan compromise. Not a single Republican voted for it. Even if it gets through the Senate, Bush will veto it and Democrats don’t have Republican support to override the veto.
It’s anything but a bi-partisan compromise. Not a single Republican voted for it. Even if it gets through the Senate, Bush will veto it and Democrats don’t have Republican support to override the veto.
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