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Author: synchronicityII Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: AMT patch for 2010 Date: 10/14/2010 3:24 PM
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AMT is basically the flat tax system many people are in love with. A generous personal exemption, extremely limited preferences/deductions, and only two brackets.

Great minds think alike. While you're at it, could you also mention that corporate income taxation is essentially a flat tax as well?

-synchronicity, used to work for a Fortune 500 company that paid that flat 35% and yet had two entire departments of people doing tax compliance and tax planning
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