What is the Alternative Minimum Tax (AMT) and How Does It Impact Your Taxes?
What is the alternative minimum tax and how does it affect your taxes? See what the AMT is and which taxpayers it affects and some ways the AMT kicks in. http://freefrombroke.com/what-is-the-alternative-minimum-tax-amt-and-how-does-it-impact-your-taxes/
MITT ROMNEY ON TAXES: Make permanent, across-the-board 20 percent cut in marginal rates Maintain current tax rates on interest, dividends, and capital gains Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains Eliminate the Death Tax Repeal the Alternative Minimum Tax (AMT). OF COURSE, AS USUAL, OBAMA IS DISTORTING THE TRUTH. HERE ARE THE FACTS!
These 2 Tax Charts Tell You Exactly Who Won the Fiscal-Cliff Deal
DID WE GET DUPED? The big winners of the fiscal cliff deal are households making between $200,000 and $500,000 a year. They mostly avoided marginal tax increases, because the threshold for higher rates was set at $400,000/$450,000, instead of the $200,000/$250,000 President Obama originally wanted, and they mostly avoided additional Alternative Minimum Tax (AMT) liability, because Congress permanently patched it. Of course, these changes helped others too, just not quite as much