Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RedStateRocker

Two years ago, we were $8000 away from being affected by the AMT. Last year, we were only $1000 away. This year, we're going to get hit with it hard.


3 posted on 12/14/2005 10:40:09 AM PST by linda_22003
[ Post Reply | Private Reply | To 1 | View Replies ]


To: linda_22003

What is the threshold for this tax?


10 posted on 12/14/2005 10:50:06 AM PST by aberaussie
[ Post Reply | Private Reply | To 3 | View Replies ]

To: linda_22003
If you don't mind, can you tell us roughly how you are getting snagged? My understanding has always been that the people who are getting hit with the AMT are moderate income people who have a mortgage deduction and more than two or three children for whom they are able to claim, in addition to the personal exemption, the $1000/child CREDIT.
70 posted on 12/16/2005 1:39:55 PM PST by Trust but Verify (( ))
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson