3 ms·
Surely, the fact that $31M of the $38M of tax he paid in 2005 was AMT had nothing whatsoever to do with it... https://www.marketwatch.com/story/read-this-to-se
by microtherion 9y ago
Surely, the fact that $31M of the $38M of tax he paid in 2005 was AMT had nothing whatsoever to do with it...
https://www.marketwatch.com/story/read-this-to-see-if-you-owe-the-alternative-minimum-tax-2017-02-23 https://www.marketwatch.com/story/read-this-to-see-if-you-ow...
- ringaroundthetx 9y agoAMT has always been seen as poor solution/compromise and is also in both house and senate versions of this bill who cares about this populist president's past experience with it mayyyybe if he made the AMT repeal a part of a red line for him not to veto the bill congress sends him, then you could pull out that article but making everything about Trump? ehhh its hard to defend
- gergles 9y agoHe would pay more with the AMT being repealed, as the higher marginal tax rate would apply rather than the AMT rate. This trend of going "whaa, but Trump!!!!!!" every time anything happens in government makes for lazy debating.
- seattle_spring 9y agoIt's "Alternative Minimum Tax", not "Alternative Maximum Tax".
- ceejayoz 9y agoPer https://en.wikipedia.org/wiki/Alternative_minimum_tax https://en.wikipedia.org/wiki/Alternative_minimum_tax, "Each year a taxpayer must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax." If Trump paid AMT, his regular taxes were lower, which means he stands to gain. Is there something I'm missing here?