RE: What was the original purpose of AMT?
Posted on: April 26, 2017 at 13:54:06 CT
meatiger MU
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I believe it would force you to pay a certain percentage of your income regardless of deductions...so you could not deduct your entire income and then pay zero taxes. I am not sure how many people it impacted, but it has grown over time, because I think it was never adjusted for inflation or some other factors