Comments on: The President’s Income Tax Return: Any Smoking Guns? http://www.pappasontaxes.com/index.php/2009/04/16/the-first-tax-return-the-obamas-file-jointly/ Pappas on Taxation Thu, 09 Feb 2012 04:09:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter http://www.pappasontaxes.com/index.php/2009/04/16/the-first-tax-return-the-obamas-file-jointly/comment-page-1/#comment-5849 Peter Fri, 11 Jun 2010 01:44:52 +0000 http://blog.pappastax.com/?p=4462#comment-5849 Jill, Thanks for visiting. I agree, we need to ditch the Alternative Minimum Tax. Jill,

Thanks for visiting. I agree, we need to ditch the Alternative Minimum Tax.

]]> By: Jill http://www.pappasontaxes.com/index.php/2009/04/16/the-first-tax-return-the-obamas-file-jointly/comment-page-1/#comment-5842 Jill Thu, 10 Jun 2010 18:21:21 +0000 http://blog.pappastax.com/?p=4462#comment-5842 Why do taxpaying families earning $175ooo who have nothing more than wages earned, dependents, real estate taxes and state income tax get subject to Alt. Min.? Is this the $250,0oo that Obama was talking about during campaign time? I noticed that the Obama return was not subject to Alt. Min. tax. Interesting... we're in the same effective tax rate as the Obama family and making one tenth what they make. So much for his promise to not raise tax on middle income families. Alt Min tax is hurting middle income families. Why do taxpaying families earning $175ooo who have nothing more than wages earned, dependents, real estate taxes and state income tax get subject to Alt. Min.? Is this the $250,0oo that Obama was talking about during campaign time? I noticed that the Obama return was not subject to Alt. Min. tax. Interesting… we’re in the same effective tax rate as the Obama family and making one tenth what they make. So much for his promise to not raise tax on middle income families. Alt Min tax is hurting middle income families.

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