Quote:
Originally Posted by Mike M
This almost seems like a bait and switch scheme when you consider that these vehicles are marketed with the tax credit benefit.
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Not really. You know that the Alternative Minimum Tax will "kick in" if you take too many deductions for housing, mortgage, children, or whatever.
The U.S. Congress tells you this straight-forward and up-front. There's no baiting since you are aware of the AMT's existence prior to purchase, and that you may not be able to use any deductions/credits if you take too many of them.
P.S.
I wish I was rich. I'm not anywhere near the AMT line.