Question: The starting point for computing alternative minimum taxable income (AMT income) is a taxpayer regular taxable income. 1. How do the AMT tax rates compare

The starting point for computing alternative minimum taxable income (AMT income) is a taxpayer regular taxable income.

1. How do the AMT tax rates compare to the regular income tax rates?

2. Is it possible for a taxpayer who pays AMT to have a marginal tax rate higher than the stated AMT Rate?

3. Is the AMT tax fair and really serve its original purpose?

Explain in detail with at least a two paragraph initial response.

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