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Demsrule86

(71,526 posts)

3. Alternate Minimum tax...and no it is not good to repeal it.

Reply to burnbaby (Original post)

Tue Dec 5, 2017, 08:03 AM

Dec 2017

It allows people and corporations to pay nothing if they can find enough deductions...and the rich always can. But the good thing is in order to fix this...where the AMT is still in the bill, the GOP has to change the bill...and then it goes back to the Senate for a vote...means that both the house and the senate take a hard hard vote in an election year.

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Can someone explain the AMT to me? [View all] burnbaby Dec 2017 OP

From Wikipedia... brooklynite Dec 2017 #1

basically it's a way to limit how much taxes people can avoid with many deductions unblock Dec 2017 #2

Thanks burnbaby Dec 2017 #4

Alternate Minimum tax...and no it is not good to repeal it. Demsrule86 Dec 2017 #3

Yes, both chamber have to agree and this is NOT OVER! BigmanPigman Dec 2017 #5

Exactly ...and judging from the reaction...people hate it and them. Demsrule86 Dec 2017 #8

The AMT limits the degree to which certain deductions can reduce tax Cicada Dec 2017 #6

The Dotard and self-serving tax policy. yallerdawg Dec 2017 #7