Coming Together on Tax Simplification: AMT and Extending the Tax Cuts
Publication Date: April 2008
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Guinevere Nell
Keywords: Taxes; simplification; marginal tax rates; amt
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.