My daughter at 35, she is now 37, called me and she said what in the world is AMT. She has got four little boys and the deductions and a fairly decent income gets them into the AMT. When it was set in 1969, it captured 90,000 taxpayers. In 6 years, it will capture 35 million.
Discussing the impact of the Alternative Minimum Tax (AMT) on middle-class families.
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You told it to me once. It is the difference between someone who is a big believer and a fanatic.
That is right. So the consumer of that small business not only pays the $100 plus the payroll tax, it also pays the $724.
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