Who pays the AMT? Q.Who pays the AMT? A.The individual alternative minimum tax (AMT) primarily affects well-off households, but not those with the very highest incomes. It is also more likely to hit taxpayers with large families, those who are married, and those who live in high-tax states. Read more about Who pays the AMT?
How much revenue does the AMT raise? Q.How much revenue does the AMT raise? A.About $28 billion in 2015, or about 2.0 percent of all individual income tax revenue. By 2025, AMT revenue will total $44 billion, or 1.8 percent of all individual income tax revenue. Read more about How much revenue does the AMT raise?
Did ATRA fix the AMT? Q.Did ATRA fix the AMT? A.The American Taxpayer Relief Act of 2012 (ATRA) prevented an explosion in the number of tax filers ensnared by the AMT. Nonetheless, some 4.1 million will pay the AMT in 2015. Read more about Did ATRA fix the AMT?
