Alternative Minimum Tax

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Originally Posted by Schneed10

Nobody's arguing the principle, saden. They're criticizing the execution.

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.

Ok you say everyone should pay their fair shair but its retarded to have a AMT for lower income people. Is that wanting it both ways. Maybe it just seems OK to hit people making more because they have more but why is it a good idea for one group of people and not the other?