http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 04:49:32 -0500 http://wordpress.org/?v=abc hourly 1 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113939 MoneyNing Fri, 21 Dec 2007 18:47:37 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113939 I'm not too familiar with AMT but if everyone is saying that the problem would be fixed by having it indexed to inflation, why isn't the fix to just add all the years of inflation from 1969 from this point forward? I’m not too familiar with AMT but if everyone is saying that the problem would be fixed by having it indexed to inflation, why isn’t the fix to just add all the years of inflation from 1969 from this point forward?

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113913 Matthew Paulson Fri, 21 Dec 2007 01:23:42 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113913 Eh, it's better than nothing...I'll take it. Eh, it’s better than nothing…I’ll take it.

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113911 jim Fri, 21 Dec 2007 00:00:53 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113911 It's so funny that so many things weren't tied to inflation, as if that concept is so new... It’s so funny that so many things weren’t tied to inflation, as if that concept is so new…

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113910 nickel Thu, 20 Dec 2007 23:37:23 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113910 Ryan: You're exactly right. If this was indexed to inflation, nobody would be sweating it right now (except those for whom it's intended). Ryan: You’re exactly right. If this was indexed to inflation, nobody would be sweating it right now (except those for whom it’s intended).

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113909 nickel Thu, 20 Dec 2007 23:36:08 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113909 Kitty: Tell me about it... We have four kids, and we've also experienced an uptick in income, so I'm a bit nervous. But at least we're not in a high income tax state. Kitty: Tell me about it… We have four kids, and we’ve also experienced an uptick in income, so I’m a bit nervous. But at least we’re not in a high income tax state.

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113908 Ryan S. Thu, 20 Dec 2007 23:16:48 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113908 ::sigh:: If they would just index things like this to inflation when they start... ::sigh:: If they would just index things like this to inflation when they start…

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113904 kitty Thu, 20 Dec 2007 21:52:22 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113904 Yes, and it hits those of us who live in high-tax states especially since for some reason AMT creators thought that only the rich take state income and property tax deductions. Also those who have lots of kids since only the uber-wealthy take exemptions for kids... Yes, and it hits those of us who live in high-tax states especially since for some reason AMT creators thought that only the rich take state income and property tax deductions. Also those who have lots of kids since only the uber-wealthy take exemptions for kids…

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113902 nickel Thu, 20 Dec 2007 21:20:26 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113902 It's an antiquated parallel tax system that is designed to keep the uber-wealthy from paying to little in taxes. Unfortunately, it's not tied to the inflation rate, so more and more middle class families are being caught by it. I'll be writing more on this topic soon, so keep an eye out. It’s an antiquated parallel tax system that is designed to keep the uber-wealthy from paying to little in taxes. Unfortunately, it’s not tied to the inflation rate, so more and more middle class families are being caught by it. I’ll be writing more on this topic soon, so keep an eye out.

]]> http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/comment-page-1/#comment-113900 Steve Thu, 20 Dec 2007 20:36:54 +0000 http://www.fivecentnickel.com/2007/12/20/congress-passed-temporary-fix-for-the-alternative-minimum-tax/#comment-113900 Good to know, but what is the AMT? Good to know, but what is the AMT?

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