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Thursday, April 14, 2005

"As my tax professor stated, it's Turbotax that is allowing the AMT to remain."

Great comments, leading up to that one, on this post from yesterday.

UPDATE: In the twenty minutes since posting that I figured out my AMT, and Turbotax would have spared me from having to feel very bad about this, I suppose. I feel bad about the federal tax for having the AMT and bad about the state taxes for being so high in the first place and for being the reason I owe so much on the AMT.

Rationally, I admit that it isn't fair for people in states that charge high taxes to get away with contributing less to the federal effort. Why should people in low-taxing states, deprived of the benefits of the local services more taxes would fund, have to pay a larger portion of the costs of the federal government?

Rationally, I know my real problem should be with the state taxes, yet the feds are irking me with their complicated forms. In which case, I really ought to use Turbotax, not only to avoid the aggravation of witnessing the AMT grinding out the extra thousands, but so that I won't irrationally blame the federal government for doing something that is actually fair. Or am I losing my mind?

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