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Pastimes : Where the GIT's are going -- Ignore unavailable to you. Want to Upgrade?


To: sandintoes who wrote (169756)11/17/2008 2:18:22 AM
From: stock leader  Read Replies (2) | Respond to of 225578
 
AMT is simply an additional federal tax you might pay if your income gets above certain levels. as your income increases the IRS looks to disallow certain 'favored' tax deductions.

i'm sure some of your wealthy friends have paid lots of it.



To: sandintoes who wrote (169756)11/17/2008 12:49:08 PM
From: Alan Smithee  Read Replies (1) | Respond to of 225578
 
No, I've never heard of AMT...what is it?

I'm surprised you've never heard of AMT.