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?
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 might we improve the AMT? Q.How might we improve the AMT? A.Congress could retarget the AMT to its original purpose or enact a major overhaul of the income tax system, eliminating the need for an alternative tax. Read more about How might we improve the AMT?
