The Tax Lawyer's Blog

header image

The Truth about the Alt Min Tax

From Reason:

The Alternative Minimum Tax was created in 1969 to prevent 155 extremely wealthy taxpayers from using deductions and credits to avoid paying any federal income taxes. Yet as Reason columnist and Mercatus Center economist Veronique de Rugy explains in her latest appearance on Bloomberg TV, today the tax overwhelmingly impacts non-millionaires living in just a handful of states. By separating economic myths from economic realities, de Rugy explains the facts about the Alternative Minimum Tax.

About

Peter is a tax attorney and certified public acccountant with over 20 years experience helping taxpayers resolve their IRS and state tax problems. He has represented thousands of taxpayers who have been experiencing difficulty dealing with the Internal Revenue Service or State tax officials. He is a member of the American Association of Attorney-Certified Public Accountants, the Florida Bar Association and The Florida Institute of Certified Public Accountants and is admitted to practice before the United States Tax Court, the United States Supreme Court, U.S. District Courts - Middle District of Florida

2 Responses

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.