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.
no subject
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.