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  #6  
Old 12-23-2004, 04:25 AM
Bob Sandler
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Default Re: Big Jump in AMT payers in 2006?

- quote -

> Well, we've finally reached the point where the "sponsored
> links" take precedence over the text of posters making the
> whole thing realy not worth while to try to decipher.


I assume you are talking about Google Groups. Take a look at
my reply in the thread "Website format problem -
Moderator???" for some suggestions as to what you can do
about the text overlay problem.

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  #5  
Old 12-23-2004, 03:09 AM
Phoebe Roberts, EA
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Default Re: Big Jump in AMT payers in 2006?

ed[at]edcosoft.com wrote:

- quote -

> Well, we've finally reached the point where the "sponsored
> links" take precedence over the text of posters making the
> whole thing realy not worth while to try to decipher.


If you use a real newsreader (even what's built into
Netscape or Outlook Express), as opposed to Google, you
won't have that problem. I agree the new Google groups are
completely unreadable.

Phoebe

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  #4  
Old 12-22-2004, 02:31 PM
Rich Carreiro
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Default Re: Big Jump in AMT payers in 2006?

Bob Sandler <bob_usenet[at]yahoo.com> writes:

- quote -

> What is going to happen in 2006 that will make so many more
> people subject to AMT?


The temporary increase in the AMT exemption expires
on 31 December, 2005.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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  #3  
Old 12-22-2004, 02:31 PM
Arthur L. Rubin
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Default Re: Big Jump in AMT payers in 2006?

Bob Sandler wrote:

- quote -

> What is going to happen in 2006 that will make so many more
> people subject to AMT?


The expiration of the increase in the AMT exemption amount.

(IIRC, the AMT exemption increase was extended to 2005 in
one of this year's tax bills. It was originally scheduled
to expire this year.)

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  #2  
Old 12-22-2004, 02:12 PM
Don Priebe
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Default Re: Big Jump in AMT payers in 2006?

- quote -

> What is going to happen in 2006 that will make so many more
> people subject to AMT?


One of the factors is the extent to which the personal
credits can offset the tax. For example, in TY 2004 the
Child Care Tax Credit is allowed as a credit against both
the regular and the alternative tax. For TY 2005 it will no
longer be allowed as a credit against the AMT.

This adverse change was originally scheduled to take place
for TY 2004, but has recently been postponed for one year.
If you can find the June 18 draft of the 2004 Form 2441 (try
Pub 1155, p 8-11) you will note an unfavorable adjustment
for AMT on line 11. This does not occur on the final
version.

--
Don EA in Upstate NY

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  #1  
Old 12-22-2004, 01:33 PM
ed@edcosoft.com
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Posts: n/a
Default Re: Big Jump in AMT payers in 2006?

Well, we've finally reached the point where the "sponsored
links" take precedence over the text of posters making the
whole thing realy not worth while to try to decipher.

ed

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 12-22-2004, 01:33 PM
ed@edcosoft.com
Guest
 
Posts: n/a
Default Re: Big Jump in AMT payers in 2006?

Well, we've finally reached the point where the "sponsored
links" take precedence over the text of posters making the
whole thinkg realy not worth while to try to decipher.

ed

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 12-20-2004, 11:10 PM
Bob Sandler
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Posts: n/a
Default Big Jump in AMT payers in 2006?

The January issue of Money magazine has a graph (p. 64)
showing the number of taxpayers expected to pay AMT each
year from 2004 to 2010. It shows a huge one-time jump in
2006, from about 4 million in 2005 to about 19 million in
2006. The yearly increases are much more gradual before and
after that.

What is going to happen in 2006 that will make so many more
people subject to AMT?

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2006, amt, big, jump, payers
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