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To: lucysmom

How does a cut in the marginal tax rate expose one to the AMT? I'm getting a sneaking suspicion that you don't know what the hell you are talking about.


37 posted on 09/26/2006 9:35:13 AM PDT by 1rudeboy
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To: 1rudeboy
How does a cut in the marginal tax rate expose one to the AMT?

Because the AMT requires that the higher of the two tax amounts is the one owed. Therefore if the tax cuts lower overall tax owed, the taxpayer gets bumped into the higher, AMT rate.

53 posted on 09/26/2006 12:12:41 PM PDT by lucysmom
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