Who pays the alternative minimum tax

The alternative minimum tax, or AMT, typically hits around 5 million upper-middle-class families who have many children or other deductible expenses and live in high-cost states. For the 2012 tax year, however, the AMT is on track to affect an additional 26.4 million people — reaching deep into the middle class — because Congress has not adjusted the tax for the effects of inflation. Read related article.

Who pays the Alternative Minimum Tax
Sources: Senate Finance Committee, Tax Policy Center. | The Washington Post. Published on November 4, 2012, 8:01 p.m.

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