There was a very good article on the AMT tax this morning on CNN Money’s website.
It basically talks about how the AMT is supposed to keep the rich from paying too little tax, but since the AMT rules have never been adjusted, it’s middle income Americans who are facing the AMT.
I agree that the AMT needs to be fixed, as more and more of my clients become subject to the AMT every year.
Click here to read more.
Tags: AMT, alternative minimum tax