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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Wyätt Gwyön who wrote (77968)1/15/2007 5:26:04 PM
From: Cy B  Read Replies (1) of 206180
 
< the AMT is in the process of grabbing almost everybody with income over 150K. >

This is totally false statement. As a tax preparer only about 3% of clients are effected by AMT. It depends on the sources of the income. Don't extrapolate your own situation to everyone else.

Nevertheless you are correct that it is a good idea to determine before hand whether you are effected by the AMT and any tax program will do this automatically if you put the data in correctly.
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