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Old 03-08-2008, 09:18 AM
MrCrank MrCrank is offline
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Real Name: Alan
Location: Fremont, CA
Hybrids: FEH 2008
Posts: 88
Default Re: Warning on tax credit if AMT affects you.

Quote:
Originally Posted by econoline View Post
"heloc" = home equity line of credit.
I would have done that but I paid cash for my car. First time I ever did.

Anyway, the AMT used to be a way for making sure rich people would pay some tax regardless of all the loopholes they could find, but it has extended its reach wayyyyy down now. Congress isn't going to act; the gov't is short of revenues already and don't let anyone tell you that cutting taxes increases government revenues. That's a fantasy.
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