Thread: Thanks Barry.
View Single Post
Old 01-30-2013, 09:17   #14
SC Tiger
Big Kitty
SC Tiger's Avatar
Join Date: Aug 2011
Location: South Carolina
Posts: 11,968
I've been reading and some of this is based on the Alternative Minimum Tax. I'm still trying to get my head around the whole thing but basically Congress forgot to re-set the income that qualifies for AMT so it is now at $45,000 for married couples. There are exemptions as well that don't qualify if you pay AMT.

Perhaps someone more knowledgeble in tax law can help me figure this out.
A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money. - G. Gordon Liddy

If you fall, I will be there to catch you - The Floor
SC Tiger is offline   Reply With Quote