From: "Jeffrey E." <jeevacation@gmail.com>
To: Noam Chomsky
Subject: ALT MIN , not in literatue
Date: Tue, 09 Jun 2015 14:52:17 +0000
alt min tax =A tax calculation that adds certain tax preference items back into adjusted gross income. how to
find the distribution you asked needs to take into account the following example. Mr P and Mr R. R has a
huge home , and deducts 30k of interest ( max) on his return. . ( tax savings a@30 percent rate , 10k). his
deduction however is added back into gross income under the alt minimum . increase by 30k @tax rate of 40 (
12 k ) net 2k more in tax. 12k - 10k . state and federal included. , Mr P given 2k in earned income credit, and
food stamps. on a sliding scale. payment . plus 2k. . Mr R , had in his mind that he was getting 30k help from
govt so he hired Mr P to do his landscape. . The bank that lent the mortgage to MR P . shows a mix of low risk
and medium risk loans. having Mr R on its books allows it to make the more risky home loan to Mr P. The
value of all the homes in the neighborhood increase as a result of the well done landscape on MR s house, and
the value of Mr Ps house rises along side of it. I can go on and on . Mr Ps children are happier.
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA00854939