What is the purpose for income tax? - Page 10

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.

04-17-2009, 10:17 AM	#136
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	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. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-17-2009, 11:55 AM	#137
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	The problem is that AMT was not moved with inflation so more and more taxpayers are caught in this net every year. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

04-17-2009, 12:53 PM	#138
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	I'm not even CLOSE to being in the "rich" Hell I'm much much closer to the bottom than the top. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-17-2009, 10:43 PM	#139
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	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. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

04-19-2009, 10:35 AM	#140
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Yes I used Turbo tax and did it numerous times. Error check did not pick up on it. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

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