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Will the AMT Spur Change in the Tax System?

Author: Tom Herman

Published: November 21, 2004

Wall Street Journal

... The AMT was designed to ensure that high-income people couldn't escape paying any federal income tax. But Congress didn't index it for inflation. This year, the AMT will hit more than three million people -- and if Congress does nothing, about 30 million people will be affected in 2010, according to the Urban-Brookings Tax Policy Center. ...


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