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Poll: Do you favor the abolishment of the AMT tax?
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Do you favor the abolishment of the AMT tax?

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  #1 (permalink)  
Old 02-28-2008, 07:48 PM
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Do you favor the abolishment of the Alternative Minimum Tax?

Is the AMT tax affecting you to the extent that you feel compelled to vote for its abolishment? If so, please submit your vote here.


1. No. It does not affect me and I do not care to abolish it.

2. Yes. It does affect me, and I do want to abolish it.


For a definition of the AMT Tax, please refer to the link below.
What is the Alternative Minimum Tax?

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Last edited by TaxGuru : 03-03-2008 at 12:56 PM.


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Old 02-29-2008, 12:05 AM
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Do you favor the abolishment of the AMT tax?

Absolutely!!!

I would love to have this complex tax code abolished!! Period!!I don't understand it and I end up paying a substantial amount at tax time, and I can't avoid it!!!

Anybody found a way to avoid this tax, please let me know!!



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Old 03-01-2008, 01:01 PM
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I say scrap this insiduous tax! Its nothing but a nightmare!



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Old 03-01-2008, 01:05 PM
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Mongrel,

I agree with you 100%! I always end up owing taxes every year, despite my best efforts, this AMT really gets me trapped! I abhor this tax!



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Old 03-02-2008, 09:57 PM
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Why I think that at least an attempt should be made to reform the AMT!

Why I think that at least an attempt should be made to reform the AMT!

It is worth noting that the AMT tax is not indexed for inflation, and since deductions have risen over time, the number of taxpayers who will be paying it will rise substantially over the next 5-10 years.

A number of studies have projected that the number of taxpayers who are going to be subjected to this insiduous tax is staggering:

1. It has been estimated that about 9 million taxpayers will be affected by 2007.

2. It has been estimated that about 20 million taxpayers will be affected by 2011. In fact it has even been forcased to by the year 2011, almost 60 percent of all federal tax revenues will come from AMT.



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Old 03-02-2008, 10:02 PM
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You got to be kidding right, 60% of the tax revenue expected to come from AMT tax by 2011!!!!

I think it doesn't sound fair, it's complicated and I have to spend a lot of money and time to comply with this law! I think its a form of double taxation..

New Congress must tackle this tax, at least index it for inflation!!



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Old 03-26-2008, 02:59 PM
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I agree 100% with most of you, in that this Atrocious Tax must either be done away with or changed or modified!



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Old 07-02-2008, 01:35 PM
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You can abolish AMT over a 5 year period and find an alternative source of revenue or cut Government spending!

About time, Congress was taught a lesson in balancing a budget....



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Old 03-04-2008, 08:33 PM
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Thumbs up Do you favor the abolishment of the AMT tax?

I certainly agree with most members who have expressed their displeasure at this atrocious tax! Its affecting me in a significant way, and instead of getting a tax refund I have to fork out a few thousand dollars when I file my tax return!

I am really upset about this tax and the new Congress MUST fix this tax ASAP!



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Old 03-05-2008, 06:53 PM
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Do you favor the abolishment of the AMT tax?

Judging by most peoples opinion and the votes, why even bother debating about this matter, Congress should immediately act upon our advise and do away with this tax! Period!

I dread this tax!



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