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To: SunkenCiv

Thanks for the bump.

And, we must be wary of new tax proposals that are targeted to “affect” only a selection few. The 1969 Alternative minimum tax is one typical example....Although the AMT was originally enacted to target 155 high-income households, it now affects millions of middle-income families each year. The number of households that pay the tax has increased significantly in the last decade: In 1997, for example, 605,000 taxpayers paid the AMT;[49] by 2008, the number of affected taxpayers jumped to 3.9 million, or about 4% of individual taxpayers.[50] A total of 27% of households that paid the AMT in 2008 had adjusted gross income of $200,000 or less. (Source;Wikipedia).


12 posted on 09/18/2011 4:58:13 PM PDT by Gail Wynand
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To: Gail Wynand

The accountant for someone I worked for told her to keep her net income below $250K to avoid the AMT; she paid well. :’)


14 posted on 09/18/2011 8:07:57 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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