Commentaries

Fixing the AMT: Could a Flatter Tax System Be in the Works?

by Pamela Villarreal

Millions of Americans will be hit with the Alternative Minimum Tax this year if measures are not taken to patch or repeal it. Reps. Charlie Rangel (D-NY) and Paul Ryan (R-Wis) have both sponsored bills to repeal the AMT. One of them, Ryan's Taxpayer Choice Act, closely resembles a flat tax. Could this type of tax system become a reality?

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Posted: Nov 12, 2007 | Research Topic: Income Taxes/AMT