Monthly Archives May 2014

Alternative Minimum Tax

AMT (Alternative Minimum Tax) AMT was created back in the 1970’s and then with serious teeth in the 1986 tax reform act which was to simplify taxes. AMT is a political system that renders certain tax deductions useless like state income and property taxes.  AMT was actually created and refined when Republicans held the legislative and executive branches and is seen by many as a way to equalize the field for taxpayers in high state
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