Originally Posted by ccm8111
#1Your analysis has indicated that AMT should normally have only a modest impact on marginal tax rates.
#2So in your experience, would it be worthwhile to have someone look into this?
#1; Not only i myself but many experts's analyses
#2;frankly i am not very sure of it in my experience;however, i guess it 'd be worthwhile to look into it , depending on the situation, matter of fact,High-income taxpayers with large tax write-offs?dependents, high property taxes*and high state income taxes, for instance may find themselves paying the tax, which works by taking away deductions for an overall higher tax bill. Unfortunately, in reality over the years, what was once considered high income is now decidedly upper middle class, but the AMT hasn?t been adjusted appropriately. It has not historically been indexed to inflation the way the rest of the tax code is. So earners you wouldn?t necessarily tag as super wealthy get hit with the tax bill;so as we know, Congress has been ?patching? the AMT by passing temporary legislation to bump up the income threshold before you?re stung by it (and finally made the patch permanent in 2013), but it still affects more upper-middle-class taxpayers than intended.However, the taxable income for AMT rule as weknow is the number that was recalculated under AMT rules without all the allowed deductions and credits. So even if the minimum tax rate is lower than your marginal income tax bracket, your taxable income is higher so you?ll pay more. So, If you?re paying the AMT, you are paying higher taxes.