The Alternative Minimum Tax...

[Provost Harrison]

Is this thread some convoluted way of KH telling us just how loaded he is?

[Wezil]

Maybe, but his wife makes more.

[Ogie Oglethorpe]

No, KH stopped because he knew I had gotten it right and he'd simply missed the post where I explained myself. That's why I posted it a second time. As usual you just jump in after the fact and try to cheer lead without actually contributing anything new to the conversation but I guess that's always been you're style. If anything DinoDoc does your schtick better because he can at least condenses his condescension into a one liner while it takes you a whole paragraph to say the same.

Actually he is still awaiting an example of reduction of marginal tax rate as opposed to a reduction of effective tax rate.

The examples you have provided twice so far simply give a reduction of the effective tax rates. Twice retarded going for three?

[DinoDoc]

Is this thread some convoluted way of KH telling us just how loaded he is?

It looks like an "expose" on perverse incentives built into the tax code and and explanation of how big a pile of crap the AMT is.

Besides he works at Goldman. Of course he's gonna be pulling down mad bank.

[KrazyHorse]

Actually he is still awaiting an example of reduction of marginal tax rate as opposed to a reduction of effective tax rate.

The examples you have provided twice so far simply give a reduction of the effective tax rates. Twice retarded going for three?

This.

[Dinner]

Bull****, the marginal tax rate is the highest tax bracket you paid based on the last dollar you earned. Assuming the person in question is not a payer of the AMT if you're just over the limit into another tax bracket deduction can indeed lower your total earned income resulting in you dropping a tax bracket which means you've lowered your marginal rate. I've said this three times now and KH knows it (even if he won't admit it) while I seriously doubt Ogie knows much of anything as he's usually just a cheerleader who never brings anything new to the conversation.

This question has been answered over an over so it's time you admit it since you know I'm right. That's the difference between marginal and effective (as explained over and over) and to reduce marginal rates you'd have to actually cut the tax rate by reducing the tax paid by a bracket (or eliminate a bracket) which is self evident and explained prior.

[Ogie Oglethorpe]

Bull****, the marginal tax rate is the highest tax bracket you paid based on the last dollar you earned. Assuming the person in question is not a payer of the AMT if you're just over the limit into another tax bracket deduction can indeed lower your total earned income resulting in you dropping a tax bracket which means you've lowered your marginal rate. I've said this three times now and KH knows it (even if he won't admit it) while I seriously doubt Ogie knows much of anything as he's usually just a cheerleader who never brings anything new to the conversation.

This question has been answered over an over so it's time you admit it since you know I'm right. That's the difference between marginal and effective (as explained over and over) and to reduce marginal rates you'd have to actually cut the tax rate by reducing the tax paid by a bracket (or eliminate a bracket) which is self evident and explained prior.

You truly are a twit. The examples you provide merely give a indication of the degree to which a tax bracket applies but does nothing to reduce the marginal rate of the bracket. Hence the reason you have been talking about effective rate the entire time while conflating marginal rate. Truly retarded.

[Al B. Sure!]

The fact that you think it's hilarious satire demonstrates once more that you didn't absorb anything taught to you in college.

Apparently no one taught you sarcasm.

Your consideration of getting a divorce for the economic benefits would be/should be satire but unfortunately it is not.

[rah]

Considering how important economic benefits have influenced marriage throughout history, I don't see why dissolving a marriage can't be economically influenced.

But I'm with PH on this one.

[MikeH]

4.7% of AGI is a ridiculously high amount. I'd consider getting divorced for tax purposes for that.

Being married or not married shouldn't affect tax rates of working individuals.

[Flubber]

4.7% of AGI is a ridiculously high amount. I'd consider getting divorced for tax purposes for that.

Being married or not married shouldn't affect tax rates of working individuals.

QFT in all respects. I find it obscene that marriage could negatively impact your tax situation. I think the idea situation would be that it be tax neutral

[Flubber]

Is this thread some convoluted way of KH telling us just how loaded he is?

I would think not. KH had never been shy about stating that fairly directly

[Provost Harrison]

It looks like an "expose" on perverse incentives built into the tax code and and explanation of how big a pile of crap the AMT is.

Besides he works at Goldman. Of course he's gonna be pulling down mad bank.

Wow, you really do want to suck him off, don't you?

[Dauphin]

53% marginal tax rate? Those earning over £150,000 in the UK almost pay that (52% inc NI). Those earning a little over £100,000 pay more than that (62%). No AMT required.

[Ogie Oglethorpe]

Dauphin did you mean over one million pounds (as opposed to one hundred thousand) in the second sentence?