Sandy Straley
Rindlesbach Homes

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Will You Pay the Alternative Minimum Tax?

Will You Pay the Alternative Minimum Tax? Do you know what the Alternative Minimum Tax (AMT) is? You’d better learn—you may be required to pay it.   The AMT is a substitute tax that Congress enacted in 1969 because lawmakers felt that many high-income taxpayers were simply not paying income tax. They’d found ways to work the system, through tax deductions, shelters, income exclusions and tax credits.   Seems fair, right? After all, why should the folks with the most money pay the least (or in some cases no) taxes? In a perfect world, this would be true. But this is not a perfect world, and the AMT has one fatal design flaw: it’s not indexed to inflation. Indexing is a process of ad…
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Sandy Straley

Rindlesbach Homes