With the middleclass tax payer being pushed into the Alternative Minimum Tax, which I believe is around $59K, the changes to the tax code will be nothing but window dressing for the politicians in their next re-election campaign. Unless they have the fortitude to address the AMT very little will change for the individual despite the hoopla around tax reform.
“With the middleclass tax payer being pushed into the Alternative Minimum Tax, which I believe is around $59K,”
I hope you don’t advise your relatives on tax issues ...
What I heard this morning is that this bill eliminates the AMT and the Estate Tax.