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Reply to "Just did taxes...annoyed. Other people in the same boat?"
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[quote=Anonymous]We make about $270,000. I had expected that we would be among those people who ended up paying more tax, but we're not. It's the people who make significantly less than us, probably those who weren't hit with the AMT previously, who seem to be taking the tax hit. Our overall taxes went down (we made about $25,000 more this year, yet are paying about the same amount in taxes as we did before). I was also ready to blame the withholding tables on our $4500 tax underpayment. But that's only $1500 more than last year, and we had $12,000 in capital gains this year compared to last year, so I guess that explains the difference. In 2025, when the AMT changes phase out, I expect we'll be paying more tax. by quite a bit.[/quote]
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