2010 US Tax Outlook

[Professor S]

I thought this was a pretty good (if simple) article, and somewhat troublesome for my family.

http://www.comcast.net/slideshow/fin...outlook/intro/

The troubling part?

For 2009, the AMT exemption was $46,700 for individual taxpayers; $70,950 for married taxpayers filing jointly or for qualifying widow(er)s; and $35,475 if married filing separately. But for 2010, these exemption amounts will drop back to $33,750 for single taxpayers; $45,000 for married taxpayers filing jointly or for qualifying widower(s); and $22,500 if married filing separately in 2010. The scaled back exemption rate is expected to affect a whopping one in five taxpayers.