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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Alternative Minimum Tax

Alternative Minimum Tax stories: 10 news summaries

Incomes Under $400K May Dodge Brunt of Tax Hike

AMT still higher

Feb 28, 09 12:13 PM CST
(Newser) - If your income is in the $200,000-400,000 range, and you’ve been fretting over Barack Obama’s proposed tax hikes, relax; odds are decent you won’t wind up paying more. Obama’s plan does indeed jack up the rates on those tax brackets, but for many those... More »

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Barack Obama • income tax • rich • Alternative Minimum Tax • federal income tax

Senate Puts Pressure on House to Pass Bailout

New bill will cost even more

Oct 2, 08 9:22 AM CDT
(Newser) - By resoundingly passing its version of the bailout bill, the Senate has ratcheted up the pressure on House leaders to go along with the plan, the Swamp reports. “We’re going to fix the problem this week,” promised Mitch McConnell. The new bill more than doubles the FDIC... More »

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Senate • Jack Reed • Alternative Minimum Tax • FDIC • House Republicans • bailout • financial crisis

Cheney Makes Way More
Than His Boss

VP's family rakes in $3M, while Bushes earn less than $1M

Apr 12, 08 12:37 PM CDT
(Newser) - Dick Cheney may report to George Bush, but he out-earned the president threefold last year, according to tax returns released yesterday. The first couple paid $221,635 in taxes on the $923,807 they made in 2007, ABC reports, while the Cheneys paid  $602,651 on their $3,042,767—... More »

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Dick Cheney • income tax • Jenna Bush • Laura Bush • Lynne Cheney • Alternative Minimum Tax • tax returns • George W. Bush

Tax Fix Will Delay Millions
of Refunds

IRS can't start processing AMT
forms until February

Dec 27, 07 4:53 PM CST
(Newser) - The 11th-hour freeze in the alternative minimum tax by Congress last week will delay refund checks for millions of taxpayers this year, the AP reports. Congress shielded middle-class taxpayers from a higher tax bill with its move, but the late date means the IRS won't be able to start processing... More »

MORE ABOUT:
IRS • Alternative Minimum Tax

House Votes to Keep Alternative Tax at Bay

Bush likely to sign one-year stay, which could benefit 21M

Dec 19, 07 5:16 PM CST
(Newser) - The House voted today to enact a one-year stay of the alternative minimum tax, a measure originally designed to ensure that rich Americans paid their share but has increasingly placed a burden on the middle class, the New York Times reports. President Bush has said he'll sign the legislation, which... More »

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Bush administration • Congress • Alternative Minimum Tax

Bush's Wins Now Could Be Trouble Later

Victories over Dems may hurt his own initiatives, raise debt

Dec 15, 07 4:53 PM CST
(Newser) - Christmas came early for President Bush, who’s scored a slew of recent victories over the Democratic Congress. But the wins could threaten both the federal debt and some of his own pet projects, the Washington Post speculates. Bush’s steadfast opposition to tax-increasing spending measures from Democrats could... More »

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Republican • budget • congressional Democrats • No Child Left Behind • tax breaks • Alternative Minimum Tax • US Congress • domestic spending bill • Millennium Challenge Corp. • George W. Bush

Dems Relent on Spending Bill

Leaders bow to White House pressure on domestic funding

Dec 13, 07 12:07 AM CST
(Newser) - House Democratic leaders surrendered to pressure from the White House on a wide-ranging domestic spending bill yesterday, dropping demands for $22 billion in additional funding, the Washington Post reports. That still may not be enough for Republicans, who are talking about a possible veto because the bill—$936.5 billion... More »

MORE ABOUT:
Nancy Pelosi • House Appropriations Committee • Alternative Minimum Tax • House Democrats • Harry M. Reid • Rep. Jerry Lewis • domestic spending bill

Senate Blocks Tax Hikes

Fix shields millions from alternative minimum tax

Dec 7, 07 2:50 AM CST
(Newser) - The Senate has voted overwhelmingly to shield 23 million Americans from tax increases imposed by the alternative minimum tax—without replacing $50 billion in lost revenue. The vote to extend protection from the tax represents a retreat for Democrats who had pledged to meet the shortfall with spending cuts or... More »

MORE ABOUT:
income tax • Harry Reid • Treasury Department • Steny H. Hoyer • Max Baucus • Alternative Minimum Tax

Early Tax Returns in Jeopardy

Congressional stalling on Alternative Minimum Tax patch may force IRS delay

Dec 2, 07 2:55 PM CST
(Newser) - If you're planning to file for an early tax refund this year, don't count on it. Congress has dragged its feet in creating a patch for the Alternative Minimum Tax that could make the IRS postpone filing season several weeks, the AP reports. A  limit on who's affected by the... More »

MORE ABOUT:
Congress • IRS • income tax • Alternative Minimum Tax

House Passes Alternative Minimum Tax Bill

But bill is unlikely to make it through the Senate unchanged

Nov 10, 07 6:23 AM CST
(Newser) - The House passed a sweeping tax-reform bill yesterday—shifting some $78 billion in taxes from middle-class families to the super-rich—that is expected to get little traction in the Senate and has already drawn the promise of a presidential veto. The bill would exempt middle-income families from the Alternative Minimum... More »

MORE ABOUT:
Nancy Pelosi • private equity • Democrats • House of Representatives • hedge fund • Charles Rangel • Alternative Minimum Tax

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