Enacted in the 1960s, the AMT was designed to insure high-income taxpayers pay tax. Today, more and more middle-income taxpayers are being impacted by the AMT rules. Should the AMT be changed or eliminated?© BrainMass Inc. brainmass.com June 4, 2020, 2:38 am ad1c9bdddf
The AMT should be completely eliminated. It does not do what it was designed to do, and only acts as a burden for those with high incomes, or for those with circumstances that trigger the AMT. The AMT was designed to ensure that the wealthiest people paid some form of taxes, and basically ensures that all individuals pay at least a little ...
The solution provides a detailed discussion examining if the AMT should be changed or eliminated.