House GOP Introduces Election Year Budget Plan We already have a 'Buffett rule' in the tax code Does Obama Return Make Michael S Solheim First Accountant Blame The Loss Of Capital Gains For Deficit

Q+A: The 'Buffett Rule,' a minimum tax on the rich WASHINGTON (Reuters) - President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed "Buffett Rule," which would slap a minimum tax on the highest-income Americans. With polls showing strong public support for the rule, Democrats plan to bring it up for a procedural vote in the Senate ... Does Obama Return Make Michael S Solheim "First Accountant" ? So here it is 9:00 PM on Saturday April 14th and I decide to look at one more return before I go to bed.  And it is not even for a client or a relative.  I wish I still had my mother's return to do, but no need to be maudlin.  It is a actually a pretty simple return.  One W-2, a couple of 1099's, a Schedule C with hardly any expenses.  They are paying over 12,000 in alternative minimum tax, but ... The Alternative Minimum Tax-CNBC Explains The alternative minimum tax, or AMT as it's known, has trapped more and more American taxpayers over the years to become one of the most dreaded phrases in tax terminology. To help better understand the very complicated AMT, CNBC explains. AMT to Hit Record Number of Taxpayers This Year The alternative minimum tax-better known by its dreaded acronym AMT-will trap more taxpayers in 2011 than at anytime in its 42 year history. Why Americans Want A Buffett Tax If you believe the latest??poll,??most Americans want a Buffett tax.?? Yup, 64% support a minimum tax of 30% if you earn $1 million or more. With considerable stage savvy, the ?Buffett tax? was proposed by President Obama at his State of the Union address, with Mr.??Buffett's secretary sitting in??First Lady Michelle Obama's box.??See State of ... Tax time tips The much-discussed and much-cussed Alternative Minimum Tax – or AMT – attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. If your regular tax falls below this minimum, you have to make up the difference. The IRS offers these tips: Action Line: Check out the alternative minimum tax Dear Action Line: What is the alternative minimum tax? I tried doing my tax return on the turbine tax service, and it came back and said I could owe a fine for exceeding the "AMT exemption amount." What is this? - S.S., Tulsa Why Me? AMT to Hit Record Number of US Taxpayers The alternative minimum tax—better known by its dreaded acronym AMT—will trap more taxpayers in 2011 than at anytime in its 42 year history. The AMT: Where it Came From and How to Fix it Even the most seasoned pros have a hard time figuring out when and how to apply the Alternative Minimum Tax. We already have a 'Buffett rule' in the tax code The alternative minimum tax (AMT) makes sure that high-income citizens may at least a minimum of income tax. It adds enormous complexity to the tax code and increasingly burdens middle-class families, but it would be costly and difficult to replace.
Key Words: alternative minimum tax

References:
http://feedproxy.google.com/~r/newsy-allvideos/~3/pfyP20wf9a4/house-gop-introduces-election-year-budget-plan
http://rss.csmonitor.com/~r/feeds/wam/~3/jkpZse3D6Xg/We-already-have-a-Buffett-rule-in-the-tax-code
http://www.forbes.com/sites/peterjreilly/2012/04/14/does-obama-return-make-michael-s-solheim-first-accountant/
http://feedproxy.google.com/~r/TheBigPicture/~3/cZeCC7wu_Fw/
http://pixelhat.net/