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Alternative minimum tax

Posted: Mar 15, 2017

Trump and the Pubs want to get rid of the alternative minimum tax. Based on what is known about Trump's finances now that those 2 pages have been revealed, he would have paid a tax rate of 3 1/2% without the alternative minimum tax. This would probably be true for the other millionaires and billionaires as well. What do you think that would do to the federal budget and the national debt?

;

The rich would have more money to donate to their favorite charities - sm

[ In Reply To ..]
That somehow seem to always benefit the rich.

Possible scenarios on tax release info. - sm

[ In Reply To ..]
1. Blackmail? Do you think someone released the first 2 pages to scare him into a payment to not release the "real" information--like revenue sources, payments, the line for Russian bribes?
2. The Russians/Assange are giving him a warning that they might disclose more info is he does not "toe the line"?
3. That Trump himself released the 2 pages hoping it would distract the press while he deals with his Russian coverup and TrumpCare disaster?
4. That Trump himself released the 2 pages hoping that he could increase the wrath towards the press and call it fakes news? That would be really strange, because it IS news that he did not release them earlier and he himself says they are true. It does seem plausible, as when listening to the story "break", Trump responded so quickly as if he was waiting for it and had something prepared. Usually, when he is surprised, there is no comment until the 3 a.m. Twitter rant.

Interesting. Any other theories?

The AMT needs to be eliminated - not for Trump but millions of - others.

[ In Reply To ..]
There are lots of problems with this tax. For instance, it hits taxpayers differently in different states, it hits taxpayers with more children harder than it does those with fewer or none, etc. It's a hot mess.

Learn something about the ATM and then tell me how a liberal supports it.

That would reduce taxes for million/billionaires - sm

[ In Reply To ..]
Billionaires would have a lesser tax rate than the poor. Just as the Republican elite would like it.

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