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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cy B who wrote (77973)	1/15/2007 5:33:20 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 206179

This is totally false statement. As a tax preparer only about 3% of clients are effected by AMT. i am glad you are not my tax preparer. look at the chart on page 3 of this PDF. AMT will capture almost everybody between 200K-500K, and then almost everybody 100K-200K, just like i said. unlike your flip "totally false statement" assessment. see this file: taxreformpanel.gov wake up and smell the coffee: Which Taxpayers Are Affected The Most By The AMT? • Middle-income taxpayers are increasingly affected by the AMT. o As the chart below shows, in 2005, 69 percent of taxpayers with incomes between $200,000 and $500,000 will be subject to the AMT. o Between 2005 and 2006 the percentage of taxpayers with incomes between $100,000 and $200,000 subject to the AMT will increase from 13 percent to 76 percent. o By 2011, a higher percentage of taxpayers with incomes between $50,000 and $100,000 will be subject to the AMT than for taxpayers with incomes exceeding $500,000. o By 2015, over three-quarters of taxpayers with incomes between $50,000 and $1 million will be subject to the AMT. 64.233.167.104