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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (131769)2/6/2001 10:51:03 PM
From: Joe NYC   of 1581665
 
Tim,

Excellent article. The phaseout of various deductions is very annoying. One thing that is annoying as well was one of the proposals Bush has on the table for $5,000 deduction for educational expenses for children, and supposedly even Bush's plan calls for a phase-out at some income level.

The Alternative minimum tax takes away a lot of deductions without people being really aware of it (that is people who file their tax returns), most people don't have a clue, and think that certain things are deductible, but they may not be.

Joe
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