Re: AMT fully masks this
by Bob Williams
You're absolutely right about the AMT hitting a lot of folks in the income range that would get a regular income tax cut under the Obama plan. I acknowledged in my post the potential that AMT could wipe out any tax savings. We haven't done new model runs to estimate the actual impact of the wider 28 percent bracket but plan to do so soon. When we have the new numbers, I'll post them on TaxVox.
Post comment:
Format Type: 
  Convert newlines
  Receive comment notifications for this article
Subject: 
   
insert bold tags insert italic tags insert underline tags insert strikethough tags insert link insert blockquote tags
Comment: 
Comment verification:

Please enter the text you see inside the graphic to post your comment:
You are not currently logged in. If you would like your user information to be displayed with your comment, please enter your login information below.
Login information:
Username: 
Password: 
If you would like to post contact information on your comment, please enter your information into the optional fields below:
Contact information:
Name: 
URL:  example: http://yourdomain.com
Email: 
Please note: email will not be displayed on the site, only for the blog owner. If logged in, URL will only be used.