Alternative Minimum Tax
Who Pays The Alternative Minimum Tax?
The IRS’ recently-released statistics for the tax filing season. At income levels up to $100,000, fewer than 1% of taxpayers are in the AMT. For income levels between $100-200,000, this increases to 6%. After this At the $200,000 level up through $500,000, 70% of the taxpayers in this group are paying the Alternative Minimum Tax. Unless Congress specifically addresses the issue with another AMT Patch, this
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