Also see AMT Quick Facts
Underlying data: download
- The main cause of AMT liability is loss of typical reductions in taxable income, most commonly dependent exemptions and deductions for state and local taxes and for medical expenses.
Source: Suppose They Took the AM Out of the AMT?.
- Repealing the AMT would reduce revenues by over $1.3 trillion between 2011 and 2022 if the Bush tax cuts are not extended and by over $2.7 trillion if they are.
Sources: Aggregate AMT Projections 2011-2022
Burman, Leonard E., William G. Gale, and Jeff Rohaly. 2005. The Expanding Reach of the Individual Alternative Minimum Tax. (May).
Burman, Leonard E., David Weiner. 2005. Suppose They Took the AM Out of AMT? (August).
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