The AMT is designed to make sure that all taxpayers pay their "fair share" of taxes. By now, you have learned enough about taxes to understand that the AMT, like the rest of the tax laws, is very complicated. You can probably guess that as the popularity of certain AMT preference items, such as Incentive Stock Options expands, the AMT has begun to impact middle class taxpayers. Is this what the AMT was designed to do? If you could reform the AMT, how would you change it? Congress has been discus

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The AMT was not designed to impact middle class taxpayers If Congress were t... View the full answer