Alternative Minimum Tax – Back To Targeting the Very Rich | Sean Hannity

The alternative minimum tax has been the bane of many middle-income taxpayers for some time. Nearly 50 years ago, the alternative minimum tax (AMT) was designed to impose a minimum tax on high-income taxpayers who were avoiding taxes by claiming legal deductions or other tax benefits—a mechanism that ensured some taxpayers didn’t escape income tax entirely. While Congress has talked about AMT reform, in the past we’ve only seen Congress kick the can down the road by raising the exemption amount every few years.

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