AMT Will Hit Middle Class With Huge Increase!

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AMT Will Hit Middle Class With Huge Increase! Tweet
DarthDickheadus:AmericanSith Offer Upgrade User ID: 1503533 United States 11/28/2012 11:21 AM Report Abusive Post Report Copyright Violation	AMT Will Hit Middle Class With Huge Increase! [link to www.thefiscaltimes.com] No part of the fiscal cliff could body slam the middle class quite like the Alternative Minimum Tax—stamping on average another $1,800 onto to the 1040 forms of 28 million Americans for this year. The AMT was first introduced 43 years ago to ensure the wealthy couldn’t escape the IRS with write-offs and tax shelters. Maybe this idea sounds like something you’ve heard about recently? President Obama secured reelection by calling for more economic fairness, and multi-billionaire investor Warren Buffett championed a “minimum” tax rate this week in a New York Times op-ed for those making more than a million dollars a year. Wow, gee, thanks Barry, I guess the welfare hooch that was buying a flat screen at WalMart the other day while paying for her groceries with an EBT card can just have my 1800 bucks. Last Edited by Prof. James Moradarthy on 11/28/2012 11:21 AM "I'm a badass cowboy livin' on the west side---me and Artimus Clyde Frog gonna save Selma Hyak from a big metal spider." Satis Eloquentiae, Sapientiae Parum.... "It tells me, goose stepping morons like yourself should try reading books instead of burning them!" Henry Jones, JR. "Last Crusade." The CIA didn't kill Kennedy, a pissed off mob boss did!
Anonymous Coward User ID: 27436827 United States 11/28/2012 11:44 AM Report Abusive Post Report Copyright Violation	Re: AMT Will Hit Middle Class With Huge Increase! Be lucky it is just $1,800; my hit is $7,500 because I already pay AMT. I don't even make $250,000. With the exclusion going from $72,000 to $45,000 and a 31% tax rate due to phase out issues on $27,000, decrease we all pay. And because Obama has no leadership skills to bring his side to table, he will lead us over the cliff blame republicans jnstead of fixing it.
Anonymous Coward User ID: 1691552 United States 11/28/2012 11:46 AM Report Abusive Post Report Copyright Violation	Re: AMT Will Hit Middle Class With Huge Increase! yep
DarthDickheadus:AmericanSith (OP) User ID: 1503533 United States 11/28/2012 11:46 AM Report Abusive Post Report Copyright Violation	Re: AMT Will Hit Middle Class With Huge Increase! Be lucky it is just $1,800; my hit is $7,500 because I already pay AMT. I don't even make $250,000. With the exclusion going from $72,000 to $45,000 and a 31% tax rate due to phase out issues on $27,000, decrease we all pay. And because Obama has no leadership skills to bring his side to table, he will lead us over the cliff blame republicans jnstead of fixing it. Quoting: Anonymous Coward 27436827 I am sorry, I wasn't clear. I was just using the amount from the article. My annual tax burden just went up 2700 on top of the 13K we pay a year. Well, we pay quarterly. "I'm a badass cowboy livin' on the west side---me and Artimus Clyde Frog gonna save Selma Hyak from a big metal spider." Satis Eloquentiae, Sapientiae Parum.... "It tells me, goose stepping morons like yourself should try reading books instead of burning them!" Henry Jones, JR. "Last Crusade." The CIA didn't kill Kennedy, a pissed off mob boss did!
Anonymous Coward User ID: 20574169 United States 11/28/2012 12:01 PM Report Abusive Post Report Copyright Violation	Re: AMT Will Hit Middle Class With Huge Increase! And because Obama has no leadership skills to bring his side to table, he will lead us over the cliff blame republicans instead of fixing it. Quoting: Anonymous Coward 27436827 true.
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