[dlnovell]

In the example scenario, wouldn't the doctor be able to get tax deductions for college loan payments as well as dependent care of seniors? The mortgage underwater scenario sucks, but is he losing his home because it's not worth what he paid? I no tax expert, but wouldn't the increased taxes only apply to income that isn't covered by the deductions? If he's still making $250K+ per year beyond the deductions for those expenses, then I don't see that the sob story of the poor doctor just trying to get by with all the uncontrollable expenses is really valid.

[gnaritas]

> If he's still making $250K+ per year beyond the deductions for those expenses, then I don't see that the sob story of the poor doctor just trying to get by with all the uncontrollable expenses is really valid.

Exactly.

[tedunangst]

If he's hit with AMT, he won't get the deductions.

[Vivtek]

Well, but he can't even deduct the salaries of his cook, nanny, and gardener! You heartless fiend!