Tag Archives: AMT

Tax Outlook for 2008

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

Printer-friendly PDF:  Tax Outlook for 2008.wpd A.             Income Tax Personal income tax rates reached a historic low of 28% under President Reagan in 1988. Pre-EGTRRA rates were increased in 1993 to 39.6%. Under EGTRRA, the highest personal income … Continue reading →

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MINIMIZING THE IMPACT OF THE ALTERNATIVE MINIMUM TAX (AMT)

Posted on March 15, 2010 by David L. Silverman, J.D., LL.M. (Taxation)

Originally intended as a backstop to prevent tax-avoidance by high income taxpayers, the AMT now affects a soaring number of middle income taxpayers. The AMT applies if it is higher than the taxpayer’s regular tax liability. Continue reading →

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