The alternative minimum tax. It sounds horrible, doesn't it? And it has very bad press. The AMT was invented in 1969 as a way for the government to collect at least something from affluent people who had been a bit too successful at taking deductions and credits on the basic Form 1040. It operate... -
In Defense of the AMT
The alternative minimum tax. It sounds horrible, doesn't it? And it has very bad press. The AMT was invented in 1969 as a way for the government to collect at least something from affluent people who had been a bit too successful at taking deductions and credits on the basic Form 1040. It operate...-
By Michael Kinsley