It's not that tech compensation and VCs evolved - it is that AMT was not indexed to inflation (until 2013). When it was enacted, it applied to 155 families[0].

It's not that tech compensation and VCs evolved - it is that AMT was not indexed to inflation (until 2013). When it was enacted, it applied to 155 families[0]. In 2008, it applied to nearly 4 million[0 again]. And I think sanity should not be judged by intention, but rather by action - especially when we've had more than 40 years to evaluate. [0] http://en.wikipedia.org/wiki/Alternative_minimum_tax#Growth_of_the_AMT http://en.wikipedia.org/wiki/Alternative_minimum_tax#Growth_... edit: added link; thanks, choppaface