3 ms·
Supposedly getting rid of AMT is one of trumps campaign promises: http://www.investopedia.com/articles/taxes/010417/can-trump-kill-alternative-minimum-tax-amt.a
by mahyarm 10y ago
Supposedly getting rid of AMT is one of trumps campaign promises: http://www.investopedia.com/articles/taxes/010417/can-trump-kill-alternative-minimum-tax-amt.asp http://www.investopedia.com/articles/taxes/010417/can-trump-...
Most people think AMT is a badly thought out disaster, but it brings in too much tax revenue and effects the upper middle class, so there isn't much sympathy / political capital for it. AMT also ignores state income tax deductions, which is pretty screwed up!