Just wait and see what happens if the Hillary/Obama takes office and they let the tax cuts expire. The AMT will shift back down and hit so many more people. I'm not sure but I think the tax bracket would start around low-mid $100k.
FYI: AMT= Alternative Minimum Tax= figure your taxes as you normally would and if you are in this bracket you re-figure them to the AMT and you pay the HIGHER amount. It was originally targeted at less than 100 people (the highest bracket at the time) who had enough exemptions they paid little in taxes. Somebody just forgot to adjust it for inflation over the years and now it hits millions of people.
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irony=
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Originally Posted by the750
i told you NO PW!!!!!!!!!
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