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> AMT will be gone Trump is doing this to help himself. I read somewhere that he got hit pretty bad on AMT recently.
by perfectstorm 9y ago
> AMT will be gone
Trump is doing this to help himself. I read somewhere that he got hit pretty bad on AMT recently.
- matt4077 9y agoLet's avoid making the same mistakes the right always makes, namely assuming the worst of people, and always assuming financial motives for peoples' actions. Trump reducing the AMT for himself seems somewhat unlikely, because: = The plan(s) are written by the House and Senate, not the administration. - he doesn't seem to have given any relevant input to these tax plans except asking for lower corporate tax rate (which he hot only partially) - AMT has so many opponents among Republican donors, Trump just doesn't need to get involved. - Trump was hit by AMT because he had large losses that are deductible over a certain number of years. Don't remember the number, but I seem to remember they have run out by now. He'd need a new bankruptcy to keep going. And no, morally doesn't count. - I'm not sure if he is still motivated by money as much as he used to be. It seems to always have been a plot to get recognition by Manhattan's elites, and therefore would have been eclipsed by his other failed attempt, namely politics.
- refurb 9y agoLet's avoid making the same mistakes the right always makes, namely assuming the worst of people This made me chuckle. You're basically telling people to not do what you just did.
- kemiller 9y agoEven if he is, the AMT is a pretty spectacularly unfair tax that hits a lot of people it wasn’t meant to.