Comments on: Think You Might Be Subject to the AMT? http://allfinancialmatters.com/2007/03/03/think-you-might-be-subject-to-the-amt/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: Fed up taxpayer http://allfinancialmatters.com/2007/03/03/think-you-might-be-subject-to-the-amt/comment-page-1/#comment-90516 Fed up taxpayer Fri, 23 Mar 2007 19:03:53 +0000 http://allfinancialmatters.com/?p=1631#comment-90516 The one thing we should all remember is how we got into this mess. Congress created the AMT and didn't index the income limits. Our government inflated our currency. Yes, it is as simple as that. Inflation happens when the money supply grows faster than the supply of goods and services the money can buy. And who controls the money supply? So, either our legislators intended the AMT to hit the middle class eventually when they created it because they understood that governments inflate fiat currencies, or they were too incompetent to understand the very issues they were legislating. The one thing we should all remember is how we got into this mess. Congress created the AMT and didn’t index the income limits. Our government inflated our currency. Yes, it is as simple as that. Inflation happens when the money supply grows faster than the supply of goods and services the money can buy. And who controls the money supply?

So, either our legislators intended the AMT to hit the middle class eventually when they created it because they understood that governments inflate fiat currencies, or they were too incompetent to understand the very issues they were legislating.

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