Title:"Alternative Minimum Tax and Your Salary"
Presenter:Beatrice Priestly, Principal Librarian, Long Branch Public Library.
Abstract:The Alternative Minimum Tax was originally started as a progressive tax, but Burman in his 2002 paper stated it has begun to ensnare ordinary middle class families. Upper level library management salaries need to be improved to avoid severe effects of the AMT tax and to attract and keep good executive talent. By reviewing AMT calculations; viewing the typical annual payroll deductions; and examining a modest household budget- we can see what really remains at the end of the month. Keeping property taxes low is admirable but librarians need to be able to live here too and support themselves! Please be a tiger and ask for that pay increase that allows you to adequately support yourself.
Handouts with links to a Microsoft Excel Workbook with pertinent spreadsheets and a Microsoft Powerpoint with audio can be downloaded from: http://www.bpriestly.com. Click on "Events 2008" in the left margin or for direct access, go to http://www.bpriestly.com/index_4.html.