This is a class project for a Federal Taxation II class. My partner and I offer two viewpoints: one supporting AMT repeal and the other supporting AMT reform. After viewing our presentation, you will gain a better perspective on this ever-growing tax problem in the US. Thank you for watching. Please feel free to leave a comment.
nice job; I really liked it
scottienotpippen 4 years ago
Well done.
Who pays AMT?
Answer: People who live in States where there is a high State income Tax. Also people who pay high local property taxes.
When you are subject to amt you lose the ability to deduct "other taxes paid".
This makes home ownership more expensive. It is one of the factors impacting the housing market today. I think that this is the biggest reason for an urgent reform of amt.
bk
gintsark 4 years ago