capital gains and dividend income at 15 percent and zero for households making less than $200,000 a year.
A figurative "Lol" for me (a painful grimace, really) when I think back to years past when I would come close to capping off a 2 day effort to calc my taxes.. Come up with a number that seemed reasonable to me... And then do the final AMT calc at the end and get the shock of my life on how many thousands of dollars in taxes it tacked on for no good reason!
Nowadays I'm just used to it and have given up any real hope that AMT will ever go away.
Every year I fear more and more that the masses are realizing they can "vote themselves free money" with ease. How "irresistible" that you can spend a couple minutes on a ballot and choose to simply take money from those who earn more than you do, to benefit yourself? It doesn't appear to hurt you, and can only seemingly help you. Or alternatively, why not tell the Fed government via your vote that sure, it's ok to spend $$ that it doesn't have. Where is there any mechanism to provide direct and obvious feedback that such a ballot choice could have a negative impact on you in the long run?