Comments on: Plop, Plop, Fizz, Fizz – Lame AMT Relief It Is

By: McCain Backs Off Repeal of AMT

McCain Backs Off Repeal of AMT — Thu, 01 Jan 2009 03:14:44 +0000

[...] Senator McCain is certainly not alone in this conundrum. When faced with the opportunity to repeal the tax in 2007, Congress did not, instead putting a last minute “band aid package” together. [...]

By: Tax Filings Delayed This Year

Tax Filings Delayed This Year — Sat, 29 Dec 2007 16:57:08 +0000

[...] some of its computers in early December because the changes could be done on a backup basis. When the law was changed, the backups were put into immediate [...]

By: Top Taxgirl Headlines of 2007

Top Taxgirl Headlines of 2007 — Fri, 28 Dec 2007 13:38:16 +0000

[...] 3, Congress promises to fix the AMT problem. And promises. And promises. And then they sort of do – on the very last day of their work year (psst, it’s only temporary). [...]

By: Miranda

Miranda — Thu, 20 Dec 2007 15:19:34 +0000

I agree with both of you.

I am all about a very simple tax code. No deductions–everyone pays. I call it a “graduated flat tax” (yay! bureaucratic double-speak).

The percentage of your income that you pay goes up with your income (and hence, your ability to pay). Of course, the highest percentage in my dream scheme is 18% of income for Fed taxes for individuals/families, and 27% of income for major corps…

By: Kelly

Kelly — Thu, 20 Dec 2007 15:04:41 +0000

Anne, I’m right there with you. The plan is fiscally not sound – but we needed the AMT relief. Not sure what’s going to come of any of it. A patch is completely the wrong way to go – but better than nothing.

By: Anne Wayman

Anne Wayman — Thu, 20 Dec 2007 15:02:25 +0000

sigh, just another example where the dems caved… I’m not surprised, but I sure am pissed.