Thread: Thanks Barry.
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Old 01-30-2013, 09:14   #21
SC Tiger
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Join Date: Aug 2011
Location: South Carolina
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Quote:
Originally Posted by Dennis in MA View Post
No.

http://business.time.com/2013/01/03/...a-dreaded-tax/

It was ORIGINALLY 45K. Back long ago. (1970's?) I still say AMT is set too low. It's designed to trap tax dodgers, not anyone making more than X. Limits are too low. Total tax % is too high. (I want to say it was the lower 20's for a while. I could be wrong.)
Thanks. I couldn't find anything current on the AMT and the more I read, the more confused I got. Apparently they finally got it fixed.
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