Has The AMT Caused People To Kill Themselves?
from the scary dept
An interesting obituary of sorts about a guy who may have killed himself because of his huge AMT tax bill. Folks looking to reform the AMT (and it should be reformed) are using this to press their case. If you haven't been following this at all, it's a weird tax law that has ended up punishing a lot of rank and file workers who excercised their stock options when the price was really high, but didn't sell until the stock was really low - at which point they still had to pay taxes on the stock at the high price. It's not clear that was the real reason for the suicide, but it appears to have had some impact.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
-1 troll
boo fscking hoo. this guy was a turd. good riddence to someone who obviously was just another human loser.
let's recount his good points:
(a) smart, but not smart enough to understand how the AMT works.
(b) dead beat dad
(c) committed suicide (meaning he couldn't cope.)
L O S E R .
god - this site is the end all be all of a whiney editor.
[ link to this | view in thread ]