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Old 11-20-2007, 10:38 PM
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Default Dems Fail to Fix AMT

Don't be looking for any tax refund from the gov't in a timely fashion next year; thanks to the Democrat leadership.....you won't get it. It's just one more important thing they left undone before they went off on vacation.


"SHOPPERS HAVE STARTED to kick their holiday spending into high gear, but they shouldn't splurge on anything they were expecting to pay back in six months with their tax refund checks.

Congress has yet to fully enact a quick fix to the alternative minimum tax conundrum, and Friday marked the IRS deadline for finalizing the 12 relevant tax forms. Members of the House and Senate informed the IRS they intend to pass a patch, but the forms have to comply with current law. If and when a patch finally passes, the IRS would have to reconfigure, reprint, and redistribute the 12 forms for the AMT and various credits set to expire, and then also spend at least three months reprogramming its computer systems."

http://www.weeklystandard.com/Conten...4/380ufhsa.asp
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Old 11-20-2007, 11:24 PM
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Quote:
Originally Posted by JP5";p=&quot View Post
"SHOPPERS HAVE STARTED to kick their holiday spending into high gear, but they shouldn't splurge on anything they were expecting to pay back in six months with their tax refund checks.
Umm so I'm suppose to feel sorry for idiots going around splurge spending in high gear on holiday crap they cannot afford to pay for until next year. doh.
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Old 11-21-2007, 11:13 AM
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Default dgdggd

Quote:
Originally Posted by JP5";p=&quot View Post
Don't be looking for any tax refund from the gov't in a timely fashion next year; thanks to the Democrat leadership.....you won't get it. It's just one more important thing they left undone before they went off on vacation.
You forgot to mention the major roadblock: President Bush, while demanding that Congress fix the AMT, also vowed to veto any bill that raised other taxes to cover the resultant large drop in revenue.

Apparently he thinks we should just put it on the credit card -- again.
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