Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-24-2008, 12:56 PM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,413
Blog Entries: 3
Senator John McCain tax policy towards the Alternative Minimum Tax (AMT).

Senator John McCain is proposing "to permanently revoke the AMT, also known as the Alternative Minimum Tax." According to official IRS records, this tax will be paid by over 25 million middle class families in 2007.

Therefore, according to the Senator, "annulling this oppressive tax will save middle class families about $60 billion in a single year. A middle class family with children set to pay the AMT will save an average of more than $2,700."

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the Alternative Minimum Tax? TaxGuru Alternative Minimum Tax 2 03-23-2015 04:26 AM
What are Senator John McCains Tax Policies? TaxGuru Republicans 2 08-19-2008 10:55 PM
Senator McCains Tax Policy - Personal Exemptions TaxGuru Republicans 0 07-24-2008 12:52 PM
S Corp Alternative Minimum Tax tpowell Alternative Minimum Tax 0 10-18-2007 08:11 PM
IRS Offers Online Alternative Minimum Tax Assistance atgadmin Tax News 0 02-01-2007 04:14 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning