Quote:
Originally Posted by JimboK
I can see the point of those who got caught by the AMT. Many are ignorant of it because they've never had to pay it. So it's not surprising it surprised them. I wouldn't call it "bait and switch" as some have -- that implies a deliberate misrepresentation -- but instead, as I commented in another thread (and echoed by Dan here), it's a symptom of a tax system in bad need of an overhaul.
What galls me is people whose tax liability is low to begin with and expect to get a credit for more than what they owe in taxes. Who would pay the difference? The rest of us. It's more of the entitlement mentality run amuck. Unlike those with the AMT issue, most of these folks can't plead ignorance.
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Yea, I don't understand: I paid $2000 and my credit is $4000 so the government owes me $2000. The government does not make money. The tax payers do. If you get the government to pay you more than you paid them, you are getting your neighbors and relatives to actually pay you.