The Finance Pig

We get HAMMERED by the government when we do something late regarding our taxes.  What’s going to happen when the government is late?  Nothing.  Why is this happening?  Because the IRS failed to get off their ass and pass the 2007 AMT patch.  What does this AMT patch do for me?  The AMT is an Alternative Minimum Tax and was created in 1969 to prevent ultra-rich families from sheltering most of their income from the Internal Revenue Service. Because lawmakers did not link the eligibility levels to inflation, over the years, larger numbers of taxpayers have become subject to the tax. Read More »