…good for a businesses [sic] is to pay taxes.” This is a misunderstanding of the purpose of the AMT. The AMT for businesses exists for the same reason as it…

…I can safely and for sure tell you that food labeling is approved by the USDA and or the FDA. A small change in a label or packaging such as…

…consequence, the tax agenda in Congress continues to be dominated, to a considerable extent, by objectives that favor those in the top distributional quintile. Take the alternative minimum tax (AMT)…

…in Alternative Minimum Taxes (AMT) in a year when he would otherwise have paid very little in taxes. That is, in fact, the purpose of the AMT–to force wealthy taxpayers…

…much. Instead, the AMT expands the base and taxes it at a nearly flat rate. We need to make some corrections to the AMT, but we don’t need to protect…

…these statements. The CBO has released a report detailing the effects of indexing the the AMT to inflation (i.e. “patching” it so that fewer households would pay it than otherwise…

…for the AMT). For more information on the AMT, see the series I wrote earlier on this blog, at the following post (and the links to earlier Parts therein): What…

…It is admittedly somewhat complex, but not unduly so with modern tax preparation software which makes that complexity a minimal problem. I have been required to pay the AMT, and…

…to gut the AMT and you certainly can tweak the way the AMT works to ensure that the rich don’t benefit from the changes. If you eliminate the estate tax,…

…cuts to the rich, but you don’t have to gut the AMT and you certainly can tweak the way the AMT works to ensure that the rich don’t benefit from…