On Thu, Mar 25, 2004 at 10:27:59AM -0500, Jerome Finn wrote:
> On Thu, 25 Mar 2004 07:54:43 -0600, Jay Maynard <[log in to unmask]>
> wrote:
> >Nope. The poorest Americans don't pay the alternative minimum tax any more
> >than they pay other income taxes. Is does amount to a tax increase on
> >upper-middle-class Americans.
> I stand corrected on the issue of the poor. Although if you can choose ATM
> or regular tax, I don't see how it is and increase on upper-middle-class?

You don't choose. AMT is what you pay if your deductions go over a certain
level and your income is above a threshold. That's why it's an alternative
minimum. As more people deduct more, they get pushed into the AMT ranks.

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