The AMT: What's wrong and how to fix it

Leonard E. Burman; William G. Gale; Greg Leiserson; Jeffrey Rohaly

doi:10.17310/ntj.2007.3.03

The AMT: What's wrong and how to fix it

Leonard E. Burman, William G. Gale, Greg Leiserson, Jeffrey Rohaly

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

The alternative minimum tax (AMT) is a complex, unfair, and inefficient shadow tax system that threatens to affect 32 million taxpayers by 2010, many of them solidly middle class. Under current law, repealing the AMT without offsets would cost more than $850 billion through 2017. This paper summarizes the current and projected effects of the AMT and considers options to finance repeal. One attractive option we consider would be to combine AMT repeal with a four percent tax on AGI in excess of $200,000 for married couples and $100,000 for others.

Original language	English (US)
Pages (from-to)	385-405
Number of pages	21
Journal	National Tax Journal
Volume	60
Issue number	3
DOIs	https://doi.org/10.17310/ntj.2007.3.03
State	Published - Sep 2007
Externally published	Yes

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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AB - The alternative minimum tax (AMT) is a complex, unfair, and inefficient shadow tax system that threatens to affect 32 million taxpayers by 2010, many of them solidly middle class. Under current law, repealing the AMT without offsets would cost more than $850 billion through 2017. This paper summarizes the current and projected effects of the AMT and considers options to finance repeal. One attractive option we consider would be to combine AMT repeal with a four percent tax on AGI in excess of $200,000 for married couples and $100,000 for others.

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The AMT: What's wrong and how to fix it

Abstract

ASJC Scopus subject areas

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