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#16 | |
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A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
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Re: Alternative Minimum Tax
Quote:
Making sure everyone pays their fair share of tax makes all the sense in the world. Failing to adjust the threshold for inflation, however, is nothing short of f*cking retarded. Good idea, but as usual, f*cked up by the geniuses within the US government. Getting rid of the AMT would be more fair than keeping it as-is. As it stands now, it's one of the great tax injustices of all-time. Ideally, they'd keep the AMT (because it's a decent idea) but simply adjust the threshold up. It'd be pretty easy - go back to the year the threshold was set, multiply it by the CPI for every year until 2008, bringing it up into the $200-300K range. Then index it to inflation moving forward.
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