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Individual Taxes
Alternative minimum tax (AMT)

Alternative minimum tax (AMT)

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Campaigns, Proposals, and Reforms

T14-0086 - Repeal the Individual Alternative Minimum Tax (AMT), Impact on Income Tax Revenue ($ billions), 2015-2024, Baseline: Current Law

July 29, 2014

Campaigns, Proposals, and Reforms

T14-0087 - Repeal the Individual Alternative Minimum Tax (AMT), Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2015

July 29, 2014

Campaigns, Proposals, and Reforms

T14-0088 - Repeal the Individual Alternative Minimum Tax (AMT), Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2023

July 29, 2014

Individual Taxes

T13-0211 - AMT Revenue per AMT Taxpayer, 2012-2014, 2023

February 20, 2014

Individual Taxes

T13-0208 - Aggregate AMT Projections and Recent History, 1970-2023

August 25, 2013

Individual Taxes

T13-0209 - Aggregate AMT Projections, 2012-2023

August 25, 2013

Individual Taxes

T13-0210 - Characteristics of AMT Taxpayers, 2012-2014, 2023

August 25, 2013

Individual Taxes

T13-0212 - Average Effective AMT Tax Rate, 2012-2014, 2023

August 25, 2013

Individual Taxes

T13-0213 - Distribution of AMT and Regular Income Tax by Cash Income, Current Law, 2012-2014

August 25, 2013

Individual Taxes

T13-0214 - Income Subject to Tax and Effective Marginal Tax Rates in the Regular Income Tax and the AMT among AMT Taxpayers, Current Law, 2012-2014

August 25, 2013

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From The Briefing Book

From the Briefing Book

Why are taxes so complicated?

December 21, 2015 by tpcwebsite

Why are taxes so complicated?

Our tax system could be simple if its only purpose were to raise revenue. But it has other goals, including fairness, efficiency, and enforceability. And Congress has used the tax system to influence social policy as well as to deliver benefits for specific groups and industries.

Read more about Why are taxes so complicated?

How did the TCJA change the AMT?

May 7, 2020 by tpcwebsite

Q.

How did the TCJA change the AMT?

A.

The 2017 Tax Cuts and Jobs Act (TCJA) included provisions that significantly reduced the impact of the alternative minimum tax (AMT). The TCJA enacted a higher AMT exemption, raised the income level at which the exemption begins to phase out, and repealed or scaled back some of the largest AMT preference items. As a result, TPC projects that the number of AMT taxpayers fell from more than 5 million in 2017 to just 200,000 in 2018.

Read more about How did the TCJA change the AMT?

How much revenue does the AMT raise?

December 21, 2015 by tpcwebsite

How much revenue does the AMT raise?

About $4.7 billion in 2019, or 0.3 percent of all individual income tax revenue. That is down significantly from $37.7 billion—2.6 percent of income tax revenue—in 2017, primarily because of the 2017 Tax Cuts and Jobs Act (TCJA). Since most the TCJA individual income tax provisions expire at the end of 2025, AMT revenue will soar to $75.1 billion by 2030, or 2.6 percent of all individual income tax revenue.

Read more about How much revenue does the AMT raise?

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