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 The Ticking Tax Bomb That Might Be Coming For You
14-06-2006
There is a ticking tax bomb that will hit 16 million Americans this year. The problem with this tax is that typical tax planning doesn't work. It has its own rules.
This sneaky tax is called Alternative Minimum Tax (AMT). The problem is that it's a complicated tax to calculate and even harder to try to explain, so most tax advisors aren't talking about it. But, here's a statistic that everyone should be talking about: This year over 16 million taxpayers will be subject to it. And, in just a few more years, 30 million taxpayers will be, unless Congress does something to combat it.
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