The alternative minimum tax (AMT) is a complex, unfair, and inefficient shadow tax system that threatens to affect 32 million taxpayers by 2010, many of them solidly middle class. Under current law, repealing the AMT without offsets would cost more than $850 billion through 2017. This paper...

Originally targeted at high-income households, the individual alternative minimum tax (AMT) is now on the verge of switching from a 'class' tax to a 'mass' tax. Under current law, the AMT will encroach dramatically on the middle-class over the next decade and will become the de facto tax system...