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Old 12-12-2006, 08:11 AM   #21
audreyh1
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Re: Capital Gains and AMT
Quote:
Originally Posted by tryan
The "problem" - as my accountant said - is that the amt trigger is not set to inflation. Soooo eventually everyone will be triggering amt (until congress does something to change it).
Yep - that's the real stinker! It hasn't changed much since 1980s or so. Just incredible really - I still can't believe it's not inflation indexed.

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Old 12-12-2006, 09:25 AM   #22
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Re: Capital Gains and AMT
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Originally Posted by audreyh1
Yep - that's the real stinker! It hasn't changed much since 1980s or so. Just incredible really - I still can't believe it's not inflation indexed.
It's just a method of raising taxes without tax raisings.
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Old 12-12-2006, 09:48 AM   #23
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Re: Capital Gains and AMT
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Originally Posted by retire@40
It's just a method of raising taxes without tax raisings.
Prior to Ronald Reagan indexing the brackets, the regular tax system suffered from the same bracket creep.
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