Quote:
Originally posted by bilmore
Philosophically, I really don't mind some of the provisions of the AMT, simply because it does approach the flat tax idea.
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My issue with the AMT is essentially the same as it is with the deductions phase-out of the regular tax. It's a bullshit-sneaky way of raising marginal rates, by reducing deductions dollar for dollar (or 20c for dollar) if your income is over a certain amount. I know it's a bit much to expect anything other than disingenuous politicians, but it still cheeses me off.
