Tag: taxes

2020 vs. 2019 Alternative Minimum Tax (AMT) Threshold and Exemption Amounts

As part of GOP tax reform bills to support President Trump’s tax reform agenda, there has been a strong push to eliminate the individual Alternative Minimum Tax (AMT). However the GOP has… Read more »

Obama’s 2011 Deficit Reduction Plan – Reducing the National Debt By Cutting Medicare, Defense Spending and Raising Taxes

Following on the heels of the protracted budget extension debate and as a precursor to the fight for raising the $14.3 trillion national debt ceiling, President Obama has revealed his… Read more »

Debt Reduction: Repealing the Home Mortgage Interest Deduction, State and Local, Health Insurance and Retirement Tax Breaks

To get a picture of the problem that lawmakers face, let’s look at a tale of two attitudes. Polls indicate that we as a nation are getting worried about the… Read more »