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ISSUES > Taxes
Alternative Minimum Tax (AMT) The AMT is a nefarious tax enacted in 1969 to prevent a small number of wealthy taxpayers from using legitimate deductions and credits to avoid paying taxes altogether. Since then, the AMT?s reach has expanded relentlessly because it was never indexed to inflation. Absent reform, twenty million more tax filers would be forced to pay on average almost $3,000 more in taxes due to the AMT this year, and approximately one in four income taxpayers will be subject to the AMT by 2013. Heritage Research
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Heritage Experts
Director, Center for Data Analysis Senior Policy Analyst and the Assistant Director, Center for Data Analysis Norman B. Ture Senior Fellow in the Economics of Fiscal Policy, Thomas A. Roe Institute for Economic Policy Studies All Heritage Foundation Experts
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