ILLMAS Posted December 20, 2012 Report Share Posted December 20, 2012 http://money.cnn.com/2012/12/19/pf/taxes/fiscal-cliff-amt/index.html?hpt=hp_t1 Quote Link to comment Share on other sites More sharing options...
joanmcq Posted December 20, 2012 Report Share Posted December 20, 2012 I'm already telling people that filing season could be delayed; heck I got an email from ATX today about how they don't have even the 1040 yet. 1 Quote Link to comment Share on other sites More sharing options...
TaxMan60601 Posted December 20, 2012 Report Share Posted December 20, 2012 ha-ha-ha-ha :-) .... unbelievable! Two questions just come up to me out of all this, straight away. 1. I am in this area since 2004, so can anyone advise about such similar "pleasant events" in the past? I am just curious ... don't want to provoke any hot disputes here and now. 2. Can anyone post a correct link (if applicable) where all these bills (or at least re AMT) can be seen? Thank you. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted December 20, 2012 Report Share Posted December 20, 2012 Senate Won’t Consider Stand-Alone AMT Fix, Reid Says http://www.businessweek.com/news/2012-12-13/senate-won-t-consider-stand-alone-amt-fix-reid-says Senate Proposals to Extend the 2001-2010 Tax Cuts http://www.taxpolicycenter.org/taxtopics/Senate-Tax-Cut-Extension-Bills.cfm http://www.cch.com/wbot2012/016AMT.asp http://www.mystockoptions.com/faq/index.cfm/catID/DFE2FBA7-9773-4AE3-BBE66CABB4CE79B8/objectID/D943A51D-30A9-11D4-B9080008C79F9E62 2 Quote Link to comment Share on other sites More sharing options...
TaxMan60601 Posted December 20, 2012 Report Share Posted December 20, 2012 woooohoooo .... marvellous! http://www.taxpolicy...nsion-Bills.cfm http://www.cch.com/wbot2012/016AMT.asp liked these two, so going to read them now ... cya Quote Link to comment Share on other sites More sharing options...
JohnH Posted December 20, 2012 Report Share Posted December 20, 2012 Doesn't it just give you a warm, fuzzy feeling to know we're all just pawns being moved around on the Washington Chess Board? I'm more and more in favor of term limits for all politicians - one term in office followed by one term in prison. 3 Quote Link to comment Share on other sites More sharing options...
Randall Posted December 20, 2012 Report Share Posted December 20, 2012 I saw this coming two years ago. I wondered why they didn't extend the extenders three years so everything was synced to the same expiration date, 12/31/12. Oh well. 1 Quote Link to comment Share on other sites More sharing options...
joanmcq Posted December 21, 2012 Report Share Posted December 21, 2012 Ever since the Bush cuts/credits existed, we've been going through this every year, because ALL of them were all made temporary (some for only a year or two, like the sales tax deduction). We used to only have to deal with the AMT patches on a regular basis. The only year that was fairly easy was 2011; since everything had been extended for two years. 1 Quote Link to comment Share on other sites More sharing options...
JohnH Posted December 21, 2012 Report Share Posted December 21, 2012 I think they stopped being the Bush tax cuts the first time President Obama agreed to extend any of them. Thereafter, they were properly known as the Bush-Obama tax cuts. Depending upon what happens next, though, they will forever be known as the Obama tax increases after he signs the legislation. (or even if he doesn't sign anything) 1 Quote Link to comment Share on other sites More sharing options...
joanmcq Posted December 21, 2012 Report Share Posted December 21, 2012 They were the Bush cuts back in 2002 when the decision was to make them temporary to obfuscate the effects on the budget. And they've been a mess ever since. 1 Quote Link to comment Share on other sites More sharing options...
JohnH Posted December 21, 2012 Report Share Posted December 21, 2012 Yep, they really pulled the wool over everybody's eyes - Bush and Obama signed those tax bills just to make a mess of things. Quote Link to comment Share on other sites More sharing options...
taxxcpa Posted December 21, 2012 Report Share Posted December 21, 2012 They were the Bush cuts back in 2002 when the decision was to make them temporary to obfuscate the effects on the budget. And they've been a mess ever since. Eschew obfuscation!! 1 Quote Link to comment Share on other sites More sharing options...
JohnH Posted December 21, 2012 Report Share Posted December 21, 2012 I abhor obfuscation 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.