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AMT Tax - status

Posted on 12/2/17 at 4:37 pm
Posted by Big Wes
Baton Rouge
Member since Oct 2005
53 posts
Posted on 12/2/17 at 4:37 pm
Does the new tax bill eliminate AMT?

This would be the biggest point that was discussed in my opinion.

I have not found any recent information.


Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 12/2/17 at 4:38 pm to
Senate keeps it House ends it.
Posted by Big Wes
Baton Rouge
Member since Oct 2005
53 posts
Posted on 12/2/17 at 4:43 pm to
Thank you I B.

Everyone should contact graves and scalice, and our senators, and make sure they end this abortion of a tax.

That would be the biggest tax savings for anyone in the $200,00- $600,000 income range.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 12/2/17 at 4:48 pm to
What is ironic is the republican holdouts were about being fair to pass through owners. They came up with this crazy idea to keep the pass through tax rate the same but give the owners a d deception of 23% of the pass through income.

It is BS because they kept the AMT which could offset the deduction altogether. The House bill is much better for S corp owners.
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