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-   -   What is the purpose for income tax? (http://cellar.org/showthread.php?t=19854)

classicman 04-17-2009 10:17 AM

Well I was under the impression it was for "rich people" to pay. I am certainly not one of them, yet I had to pay it.

lookout123 04-17-2009 11:55 AM

The problem is that AMT was not moved with inflation so more and more taxpayers are caught in this net every year.

classicman 04-17-2009 12:53 PM

I'm not even CLOSE to being in the "rich" Hell I'm much much closer to the bottom than the top.

Happy Monkey 04-17-2009 10:43 PM

Did you use TurboTax? Are you sure you did it right? I did my sister's taxes, and the first time round it hit her with the AMT. I don't remember what we did to fix it (sorry), but I do think it was caught by the error checking.

classicman 04-19-2009 10:35 AM

Yes I used Turbo tax and did it numerous times. Error check did not pick up on it.


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