“The Facts about the Alternative Minimum Tax”

Unintended effects from government action, part 1,356,732:

Myth 1: The Alternative Minimum Tax targets millionaires.

Fact 1: While the Alternative Minimum Tax was originally created to target millionaires, today it falls most heavily on non-millionaires.

Cross-posted from Newmark’s Door.

Craig Newmark

Associate Professor of Economics, North Carolina State Univ.

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