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"In 2019, the AMT impacted just 0.1 percent of households overall. This includes 0.2 percent of households with income between $200,000 and $500,000, 1.8 percen
by ac29 6y ago
"In 2019, the AMT impacted just 0.1 percent of households overall. This includes 0.2 percent of households with income between $200,000 and $500,000, 1.8 percent of those with incomes between $500,000 and $1 million, and 12.5 percent of households with incomes greater than $1 million"
https://www.taxpolicycenter.org/briefing-book/who-pays-amt https://www.taxpolicycenter.org/briefing-book/who-pays-amt
- aatharuv 6y agoThat is a very recent change, post the Trump tax changes, which removed most of the impact of the AMT. Interesting to see the current numbers. But even before then, the AMT disproportionately affected California taxpayers.