AMT takes a bite

Got hit by the AMT this year. Apparently our combined income and the family size is just perfect for those folks who get caught up in the AMT. I shouldn’t really say bite. I should say devastating hunk of income going to taxes. I tried all the deductions I could but basically the AMT says ‘yea, that’s nice, now where is the money?’ Kind of like the mafia in the movie Goodfellas.


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