Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- abbreviation alternative minimum tax
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- initialism transport AMT — Agence métropolitaine de transport – the Metropolitan Transit Agency; the transit agency for the
MMC
Etymologies
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Examples
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Again I'd say the AMT is a much more pressing issue since it is "expected to expand to more than 30 million taxpayers in 2010."
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That said, I agree the AMT is a bigger problem, and I hope Congress gets off their duff and does something about it, SOON.
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Specifically, as in this post on BlogCritics, the AMT is apparently hurting blue state rich folks disproportionately:
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These higher incomes taxed at 28% are in what I call the "AMT Sweet Spot."
Forbes.com: News Tom Davison 2011
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I forget where I first saw it, but the most devious suggestion I've read about what to do about the AMT is ..... nothing.
Alternative Minimum Tax Puzzle, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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When presented like that, the AMT is far more likely to spark indignation if not outrage, especially among the very middle-class taxpayers most likely to use such software.
Alternative Minimum Tax Puzzle, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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I really don't think that the AMT is going to be reformed.
Who Bears the Tax Burden?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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If one includes the cost of the recently enacted prescription drug benefit, assumes that discretionary spending keeps pace with inflation and population growth, that the growth in the fraction of taxpayers subject to the AMT is eliminated, and that all expiring tax provisions are made permanent, the federal government would face unified deficits averaging about 3.5 percent of GDP over the next 10 years.
Budget Woes, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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The AMT is a separate issue from the tax cuts that unfairly benefit the already-wealthy.
Think Progress » Steele: ‘Trust Me, After Taxes, A Million Dollars Is Not A Lot Of Money’ 2010
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Here's a thought ... maybe the GOP isn't demanding the AMT's repeal on Supply-Side grounds because the AMT is now a * middle-class* tax problem.
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