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Alternative Minimum Tax

The Budget Is Not Fair, Mr. Chair

Marian Wright Edelman | Posted 07.02.2014 | Politics
Marian Wright Edelman

The way to end poverty is not to cut the very programs that are making the difference. What kind of leaders believe we can afford massive tax breaks for the richest one percent but cannot afford to meet the survival needs of all our poor children?

Who's Afraid of the Alternative Minimum Tax?

Jason Alderman | Posted 02.17.2014 | Business
Jason Alderman

The good news is that the AMT is now gauged to inflation, so millions more middle-income Americans won't get thrown into the pool, as was threatened last year; the bad news is that until the government finally overhauls our tax system, AMT won't be going away.

Friday Talking Points -- Talking About the Deal

Chris Weigant | Posted 03.06.2013 | Politics
Chris Weigant

We are going to use our Friday Talking Points this week to point out why this deal is not just a pretty darn good one, but actually downright historic.

None So Blind as Those Who Will Not See: GOP in Denial Over Legislative Victory in Fiscal Cliff

Howard Barbanel | Posted 03.05.2013 | Politics
Howard Barbanel

Some Republicans don't know a victory when they see one. All you hear out of presidential hopeful Marco Rubio and House Majority Leader Eric Cantor is doom and gloom but this is a case of not seeing the forest for the trees.

2013: Happy New Year!

Harlan Green | Posted 03.05.2013 | Business
Harlan Green

Real (after inflation) U.S. Gross Domestic Product is up 2.5 percent from its pre-recession highs, with only China's growth rate higher since the Great Recession. This is in spite of various catastrophic events -- such as Hurricane Sandy and the debt ceiling debate yet to come.

President's Critics Wrong on Cliff Deal: The White House Did Well

Paul Abrams | Posted 03.03.2013 | Politics
Paul Abrams

Much like the NeoCon chickenhawks who urge the country to wars but never volunteer themselves, not a single critic, in Congress or out, would have suffered as the unemployed without unemployment insurance had the president not negotiated this deal.

Reform the Alternative Minimum Tax: An Innovative, Progressive Plan

Mitch Rofsky | Posted 01.29.2013 | Politics
Mitch Rofsky

The Alternative Minimum Tax is in need of reform. Conservatives like to argue that corporate tax increases would hurt small business. But this proposal would not touch small business. They also contend that focusing on the rich doesn't raise enough money. This is also false.

The New Deal

Chris Weigant | Posted 01.28.2013 | Politics
Chris Weigant

There's going to be pain all around in whatever deal is struck. Most Americans are going to be directly impacted in one way or another by whatever bargain is made between President Obama and congressional Republicans.

Raising Taxes On The Wealthy Might Not Be Such A Bad Idea

Reuters | Posted 01.08.2013 | Business

WASHINGTON, Nov 8 (Reuters) - Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much in 2013 if Congress e...

Ouch! 10 Ways You'll Feel Fiscal Cliff Tax Bill Sticker Shock

The Huffington Post | Catherine New | Posted 10.19.2012 | Money

The dirty secret about the so-called fiscal cliff is that many taxpayers have already toppled over the edge. While much airtime is being devoted t...

The Alternative Millionaires' Minimum Tax

Chris Weigant | Posted 03.26.2012 | Business
Chris Weigant

President Obama last night called for a minimum tax rate of 30 percent on income over one million dollars. To some, this sounds like a radical idea, but it really isn't.

Arthur Delaney

Super Committee's Failure Leaves Orphans Behind | Arthur Delaney | Posted 11.21.2011 | Politics

WASHINGTON -- Throughout the super committee's deliberations, impending "automatic, across-the-board cuts" were routinely cited as a driving motivatio...

IRS Topic 556: Alternative Minimum Tax

Peter Neill | Posted 05.30.2011 | Business
Peter Neill describes Topic 556 -- Alternative Minimum Tax -- as follows: The tax laws provide tax benefits for certain kinds of income and allow special ...

Tax Filing Deadline Looms

Jason Alderman | Posted 05.25.2011 | Business
Jason Alderman

If your 2010 federal tax return (or extension request) isn't postmarked or electronically filed by midnight on April 18, the penalty on any taxes you owe increases dramatically -- tenfold, in some cases.

The Small Business Case for Extending Tax Cuts

Kristie Arslan | Posted 05.25.2011 | Business
Kristie Arslan

Congress has important work to finish before the 111th Congress comes to a close. Much of its agenda includes priorities that are critical to the nati...

Small Business Jobs Act: Real Value to Small Manufacturers

Brandon Edwards | Posted 05.25.2011 | Business
Brandon Edwards

Manufacturers with revenues under $50 million should pay close attention to the Small Business Jobs Act, particularly the elimination of the Alternative Minimum Tax barrier regarding business tax credits.

The 44th President's $4 Trillion Headache

CNN/Money | Jeanne Sahadi | Posted 05.25.2011 | Business

The presidential candidates all have big plans for their time in the White House. Reform health care. Reduce taxes. Close corporate loopholes. Encoura...

7 Year-End Tax-Saving Moves

CNN/Money | Jeanne Sahadi | Posted 05.25.2011 | Business

You probably don't know what your federal tax liability will be for 2007, and Congress certainly isn't helping. Lawmakers have yet to pass a temporary...