The AMT was eliminated for Corporations but was retained for individuals albeit with higher thresholds (higher by about 15K for individuals and about 25K for couples).
it rewards those with multiple children in OTHER COUNTRIES...
it takes away the prime deductions for older Americans...property tax, charitable deductions, etc...
they're pulling a fast one....
per the calculator, even with my husband collecting SS, the "savings" is a pittance and then we learn that the rates CAN BE TINKERED WITH in a few yrs....
we're getting screwed...because they sure are not going to give anything to the aging diminishing white minority voters...
And they really put the hammer down on single professionals.
Wow.
32% of all income over $157k and 35% at $200k.
All while miniaturizing SALT.
There must be an intent to punish. It’s the only reasoning I can deduce.