Originally Posted by
Whaledrivr
My CPA tells me that once you hit AMT, your mortgage interest & charity are the only two items that can help you.
AMT limit needs to be reindexed to a higher income. The current figure was indexed in the mid 1960s, completely out of date for today. But good luck, as the Federal Gov't would lose out on millions$$.
It's now indexed to inflation. If the we keep negotiating contracts that 68% of our ranks seem to think are just swell...Eventually, we will drop out of the income level affected by AMT. So, we've got that going for us.
