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Subject:  Re: Tax upon tax Date:  12/7/2012  3:35 AM
Author:  Stonewashed Number:  410725 of 479856

I see there is vast ignorance on here about who the AMT effects

It is vastly complicated (patched over year to year to supposedly "fix" hitting those it was not meant to effect aka as unintended consequences), not indexed for inflation, and more often than not, penalizes those who are already living in high-tax localities and states. This is also true during the Bush tax cuts

https://en.wikipedia.org/wiki/Alternative_minimum_tax

Really, folks, the tax code doesn't need to be this complicated. The only people who really benefit from it are accountants, lawyers, and those who can afford them.

But, heh, just "sign it", so you can see what's in it. I guarantee you, this time, just like all the other times it has been patched or "overlooked", it is you, not those you think you are going to stiff who will pay it.

As far as some other s