Abstract

http://ssrn.com/abstract=1753192
 
 

References (22)



 


 



The AMT: What's Wrong and How to Fix it?


William G. Gale


Brookings Institution

Leonard E. Burman


Tax Policy Center; Maxwell School; National Bureau of Economic Research (NBER)

Greg Leiserson


Urban Institute

Jeffrey Rohaly


Urban Institute

2007

National Tax Journal, Vol. 60, No. 3, 2007

Abstract:     
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 summarizes the current and projected effects of the AMT and considers options to finance repeal. One attractive option we consider would be to combine AMT repeal with a four percent tax on AGI in excess of $200,000 for married couples and $100,000 for others.

Number of Pages in PDF File: 22

Keywords: AMT, alternative minimum tax, tax policy

JEL Classification: E62

Accepted Paper Series


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Date posted: February 2, 2011  

Suggested Citation

Gale, William G. and Burman, Leonard E. and Leiserson, Greg and Rohaly, Jeffrey, The AMT: What's Wrong and How to Fix it? (2007). National Tax Journal, Vol. 60, No. 3, 2007. Available at SSRN: http://ssrn.com/abstract=1753192

Contact Information

William G. Gale (Contact Author)
Brookings Institution ( email )
1775 Massachusetts Avenue, NW
Washington, DC 20036
United States
202-797-6148 (Phone)
202-797-6181 (Fax)
Leonard E. Burman
Tax Policy Center ( email )
Urban Institute
2100 M Street NW
Washington, DC 20009
United States
2022615742 (Phone)
Maxwell School ( email )
400 Eggers Hall
Syracuse, NY 13244
United States
315-443-3114 (Phone)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Greg Leiserson
Urban Institute
2100 M Street, NW
Washington, DC 20037
United States
Jeffrey Rohaly
Urban Institute ( email )
2100 M Street, NW
Washington, DC 20037
United States
HOME PAGE: http://www.taxpolicycenter.org
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