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AMT: Not Just for the Wealthy AnymoreAMT: Not Just for the Wealthy AnymoreBy John Krajicek, Elijah Erickson2012-04-20T05:00:00Ztierra-grande
Taxes
The Alternative Minimum Tax (AMT) was created in 1969 to ensure high-income taxpayers (earning more than $200,000) did not avoid paying taxes by exploiting tax law loopholes. However, because the AMT was not indexed for inflation, people who are not wealthy by today's standards are now subject to the tax. Digital and Print1992https://www.recenter.tamu.edu/articles/tierra-grande/amt-not-just-for-the-wealthy-anymore

 

 

AMT: Not Just for the Wealthy AnymoreAMT: Not Just for the Wealthy AnymoreTaxes
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