Subject: AMT Comment: The NFIB directed me to this comment page. Another particularly harmful provision of the AMT that should be changed, besides the effect of hurting ever lower incomes, is the fact that once the AMT must be used to calculate your taxes, you may not use the standard deduction, but must rather itemize your deductions. This is unfair, especially if all year your planning was to assume a standard deduction, and then being not allowed to use it. There needs to be a better way to easily plan for how your taxes are going to be calculated. The standard deduction problem only underscores the excessive comlexity of the tax code. And any useful changes must include simplification of the rules. |