Quote:
Originally Posted by RIJIMMY
i never once faulted romney. How can I, he is following the rules?
I fault the rules. Not romney. As is stated earlier, its not just the %, its the deductions and other. A working family making 100K - 300K, while well off is getting SCREWED in taxes. The code is not fair and has not been adjusted.
Not romneys fault.
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After I get married next year, AMT is going to be a major concern of mine. But like you said, the rules are screwed up and because I do a lot of independent contract work, my CPA has advised me incorporate, work as an employee of that corporation and it will result in a portion of my earnings only being subject to Capitol Gains Tax, while also potentially helping us avoid AMT. All this work because the AMT is such a screw job.
Is is a messed up? Yup, certainly is.
As they say: don't hate the player, hate the game.
Quote:
Originally Posted by justplugit
It will never happen, too many lawyers, tax consultants and IRS employees
holding the power and Waaay too simple for the Govt. to want to understand.
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If it's too simple, it can't be easily exploited.