More AMT Options

• A Simple Progressive Replacement for the AMT describes an option that repeals the AMT and replaces it with an add-on tax of four percent of adjusted gross income above $100,000 for singles and $200,000 for couples.
• Fixing the AMT by Raising Tax Rates comments on the economic and political perspectives of reform and stresses that real reform involves winners and losers.
• The Individual Alternative Minimum Tax. Len Burman’s testimony outlines the AMT more generally and discusses possible reform options with an emphasis on why financing reform or repeal is important.
• Suppose They Took the AM Out of the AMT examines the implications of basing a reformed tax system on AMT rules.
• The Expanding Reach of the Alternative Minimum Tax. In addition to discussing the origins and economics of the AMT, this paper outlines options for reform including indexing the AMT for inflation.

Estimates

• Estimates of the revenue effects and distributional impact of repealing the AMT and imposing a 4 percent surtax on AGI over $100,000 ($200,000 for married couples filing jointly)
• Estimates of the distributional impact of exempting taxpayers with AGI under $125,000 ($250,000 for MCFJ) from AMT and increasing AMT tax rate to 35 percent
• Historical data and estimates of the revenue effects and distributional impact of the AMT under current law.