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Coming Together on Tax Simplification: AMT and Extending the Tax Cuts

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Publication Date: April 2008

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Guinevere Nell

Series: WebMemo

Topic: Banking and finance (Taxation and tax policy)

Keywords: Taxes; simplification; marginal tax rates; amt

Type: Brief

Coverage: United States


Several proponents of small government oppose repeal of the individual alternative minimum tax (AMT) despite that tax's confusing strictures, bureaucratic nature, and excessive demands on the American taxpayer. This is due to an unfortunate misunderstanding of repeal's effects.