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T07-0322 - AMT Patch in H.R. 3996 and Include Dividends and Capital Gains Above $50,000 ($100,000 Joint) as an AMT Preference, Distribution of Federal Tax Change by Cash Income Percentile, 2007

2007 Distribution of federal tax change by cash income percentile for a plan that extends the AMT patch as done by H.R. 3996 (allow personal nonrefundable credits against the AMT and increase the AMT exemption to $44,350 for single and head of household taxpayers and to $66,250 for married taxpayers) and offsets the cost by including dividends and capital gains above $50,000 ($100,000 for married filers) as an AMT preference item

November 4, 2007