t****u
发帖数: 8614 | 1 Your state tax is Fed exempted, so if you use itemized,
your state tax is deductable from the Fed tax. For most
double income family bay area, lets say close to 150K
total. based on the 8% state income tax rate, it is a
lready much more than the standard deduction. | h***s
发帖数: 1 | 2 don't think there is a strict line of income to trigger AMT.
high income, or too much deduction,
can both be the factors.
http://www.fairmark.com/amt/
there | h***h
发帖数: 660 | 3 Back in 1969, Congress came up with the idea of an alternative tax as a way to
prevent the very wealthy from using loopholes to avoid paying income tax. Not
a bad idea, in theory. In practice, however, the AMT has become the ticking
time bomb of the tax code. The AMT now hits 2 million taxpayers and threatens
31 million more--roughly one in three--by 2010, according to forecasts from
the Urban-Brookings Tax Policy Center. Among them will be millions of
middle-income and upper-middle-income taxpa |
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