Wealthier people turn republican. We just got "hit" with the AMT. Paying almost $30,000 in taxes and we can only get $10,000 back. WTF? When I made $50,000 a year, I got $10,000 back...now we make a little more than double that and we can get the same amount?
Why isn't the AMT recalculated to rise with the average wage increase? More and more people are getting hit with this AMT that the AVERAGE family is losing out on saving a lot more money. While "wealthy" 40 years ago was considered making more than $50,000 a year, that has now become what it takes to SURVIVE in this country. It's not wealth...it's low-middle income. WTF?
I know about tax-free investments, but Scorp's job requires a full write-off on a lot of stuff (non-reimbursible stuff that he pays throughout the year). A lot of this stuff won't come off, now because of the stupid AMT. We pay our share of taxes, but...DAMMIT!!!




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