Comments on: Tempo di Dire Arrivederci to the AMT http://blog.pappastax.com/index.php/2008/08/28/tempo-di-dire-arrivederci-to-the-amt/ tax, finance, politics, culture Tue, 16 Mar 2010 01:35:41 -0400 http://wordpress.org/?v=2.8.1 hourly 1 By: AMT Changes for 2008 and 2009 http://blog.pappastax.com/index.php/2008/08/28/tempo-di-dire-arrivederci-to-the-amt/comment-page-1/#comment-1336 AMT Changes for 2008 and 2009 Wed, 06 May 2009 12:42:50 +0000 http://blog.pappastax.com/?p=534#comment-1336 [...] Tempo di Dire Arrivederci to the AMT [...] [...] Tempo di Dire Arrivederci to the AMT [...]

]]> By: House Approves Stimulus Bill, But Where is AMT Fix? http://blog.pappastax.com/index.php/2008/08/28/tempo-di-dire-arrivederci-to-the-amt/comment-page-1/#comment-689 House Approves Stimulus Bill, But Where is AMT Fix? Tue, 27 Jan 2009 03:01:39 +0000 http://blog.pappastax.com/?p=534#comment-689 [...] Temp Di Dire Arrivederci to the AMT [...] [...] Temp Di Dire Arrivederci to the AMT [...]

]]> By: Peter http://blog.pappastax.com/index.php/2008/08/28/tempo-di-dire-arrivederci-to-the-amt/comment-page-1/#comment-70 Peter Tue, 02 Sep 2008 02:05:05 +0000 http://blog.pappastax.com/?p=534#comment-70 Robert, I couldn't have said it better. Thanks for the comment. Robert, I couldn’t have said it better.

Thanks for the comment.

]]> By: Robert D Flach http://blog.pappastax.com/index.php/2008/08/28/tempo-di-dire-arrivederci-to-the-amt/comment-page-1/#comment-42 Robert D Flach Fri, 29 Aug 2008 11:17:30 +0000 http://blog.pappastax.com/?p=534#comment-42 Like Frankenstein in the old Hammer film – THE AMT MUST BE DESTROYED! The very existence of the dreaded Alternative Minimum Tax is a perfect example of Congress reacting to a situation rather than responding to a problem by dealing with its causes. If loopholes in the Tax Code caused the wealthy of 1968 to avoid taxes altogether then the answer is to close, or revise, the loopholes and not create a whole ‘nother tax system. The AMT has allowed Presidents and Congress to seem to provide tax relief to the middle class while they know full well that the AMT will negate much of the relief via the “back door”. The AMT discriminates against highly taxed blue states like New Jersey, New York and California, where income is artificially inflated due to a high cost of living. As I said in the beginning – THE AMT MUST BE DESTROYED! TWTP Like Frankenstein in the old Hammer film – THE AMT MUST BE DESTROYED!

The very existence of the dreaded Alternative Minimum Tax is a perfect example of Congress reacting to a situation rather than responding to a problem by dealing with its causes.

If loopholes in the Tax Code caused the wealthy of 1968 to avoid taxes altogether then the answer is to close, or revise, the loopholes and not create a whole ‘nother tax system.

The AMT has allowed Presidents and Congress to seem to provide tax relief to the middle class while they know full well that the AMT will negate much of the relief via the “back door”.

The AMT discriminates against highly taxed blue states like New Jersey, New York and California, where income is artificially inflated due to a high cost of living.

As I said in the beginning – THE AMT MUST BE DESTROYED!

TWTP

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