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Research report

The Individual Alternative Minimum Tax: Historical Data and Projections, Updated October 2009

Katherine Lim, Jeffrey Rohaly
October 5, 2009
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Abstract

The alternative minimum tax (AMT), which originally targeted high-income taxpayers, requires annual legislation to prevent it from affecting millions of middle-income individuals each year. There are two primary reasons for the AMTs broadening impact; its parameters are not indexed for inflation and the 2001-2006 tax cuts reduced regular tax liability without changing AMT liability. In 2009, four million taxpayers will pay $33.5 billion in AMT, but without congressional action that number will rise to 27 million owing $102 billion in 2010. This paper describes the AMT and provides TPCs latest estimates of AMT coverage, revenue, and distribution.

Research Area

Individual Taxes Alternative minimum tax (AMT)
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Meet the Experts

  • Katherine Lim
  • Jeffrey Rohaly
    Principal Research Associate
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