Posted: Jun 16, 2005 By: David G Gracey

Subject: AMT

Comment: The ideal of the AMT to stop the supper rich from not paying any tax is laudable. Unfortunately, the law has not been adjusted for infaltion, and it now affects too may taxpayers. Most of the people now affected are really rather modest earners.

Go back to having it applicable to only the super rich, and eliminate the regulations requiring every taxpayer to prepare a tax form to prove they are not subject if they have even $1.00 of potentially subject income. It unnecessarly complicates the tax system and costs tax payers too much for administration.