The liberal confusion about the AMT
is epitomized by The Washington Post, which has frequently editorialized against the tax.
When the Gordons filled out both 2002 returns, their income under the AMT
was $27,000 higher than their regular income tax after they added back state and local taxes and a $10,000 capital gain.
* Overnight parking at the Hyatt Regency is $62.00/day; AMT
attendees get a 5% discount from the cost.
(3) See, e.g., Neil Barr et al., "Last Minute Retention of Corporate AMT
in Senate Tax Bill Has Unintended Consequences," Davis Polk Tax Reform and Transition (Dec.
Swiss rifles are known for their quality barrels, and the AMT
is no exception.
They either don't owe any AMT
(in the case of a TMT below the regular tax liability) or owe AMT
in the amount of $22,763 (the difference between $77,492 and $54,729).
For instance, in New Jersey, 81.6% of households earning between $200,000 and $500,000 fall under the AMT
, while in Wyoming, only 26.3% of households in the same income range are subject to the AMT
Whereas other carmakers previously bundled hydraulics and other more sophisticated automatic transmissions with costlier options in their top variants, the longtime market leader has scored by offering AMT
as a mid-range option.
Originally, the AMT
received little notice because it affected only a few taxpayers; however, during recent years, it has been slipping quietly into more tax returns.
American Airlines (NYSE:AMR) said on Tuesday that it is honouring a group of Aviation Maintenance Technicians (AMTs
) for a lifetime achievement of serving five or more decades in the aviation industry.