T07-0136 - Repeal AMT and Implement 4% Surtax on AGI Above $100,000/$200,000, Distribution of Tax Units by Change in Marginal Tax Rate, 2007

Distribution of tax units by the change in the marginal tax rate (the share of the next dollar earned paid in federal taxes) by cash income class for a proposal that repeals the individual alternative minimum tax (AMT) and replaces it with a surtax of 4% of adjusted gross income above $200,000 for joint tax units and above $100,000 for tax units of other filing statuses. The proposal is revenue-neutral over the period 2007-17.