ext_153445 ([identity profile] harimad.livejournal.com) wrote in [personal profile] topaz 2008-10-02 01:38 pm (UTC)

I don't think that fixing the AMT counts a pork. The problem with the AMT is a big one and it's hitting people it absolutely shouldn't. Most especially it's hitting sole proprietorships - small businesses that aren't incorporated or partnerships. These are taxed as personal income to the owner. If you have a decent cash flow then Boom! you're subject to AMT. One could create a partnership or corp, but that takes time and money, gumming up the engine that is our small business culture.

It's such a problem that even though I'd rather it be its own bill, I don't object too mightily to it being in the bailout bill.

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