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T07-0134 - Repeal AMT and Implement 4% Surtax on AGI Above $100,000/$200,000, Distribution of Federal Tax Change by Cash Income Class, 2007

Distribution of federal tax change by cash income class for a proposal that repeals the individual alternative minimum tax (AMT) and replaces it with a surtax of 4% of adjusted gross income above $200,000 for joint tax units and above $100,000 for tax units of other filing statuses. The proposal is revenue-neutral over the period 2007-17.

May 15, 2007