Tag Archives: IRS Form 6251

The Alternative Minimum Tax Exemption

Alternative Minimun   May 7, 2013   Comments Off on The Alternative Minimum Tax Exemption
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Well we’ve already learned about the dreaded Alternative Minimum Tax.  If you missed it, read about this tax and how it works here.  Basically it’s a tax devised to prevent rich people from using too many loopholes to avoid paying income taxes.  The rich can loophole all they want, but… Read more »

What is the Alternative Minimum Tax?

Alternative Minimun   April 23, 2013   Comments Off on What is the Alternative Minimum Tax?
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Taxes are tricky: anyone who earns income should be paying federal income tax.  After all, that’s how our government pays for lots of things.  Money doesn’t come from nowhere and as US citizens we pay tax to support our federal government.  It’s our duty as citizens and we should be… Read more »