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T07-0143 - Repeal AMT and Implement 4% Surtax on AGI Above $100,000/$200,000, Distribution of Federal Tax Change by Cash Income Class, 2017

2017 Distribution of federal tax change by cash income class in 2010 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 (in 2007 dollars, indexed for inflation). The proposal is revenue-neutral over the period 2007-17.

May 21, 2007