Why I think that at least an attempt should be made to reform the AMT!

It is worth noting that the AMT tax is not indexed for inflation, and since deductions have risen over time, the number of taxpayers who will be paying it will rise substantially over the next 5-10 years.

A number of studies have projected that the number of taxpayers who are going to be subjected to this insiduous tax is staggering:

1. It has been estimated that about 9 million taxpayers will be affected by 2007.

2. It has been estimated that about 20 million taxpayers will be affected by 2011. In fact it has even been forcased to by the year 2011, almost 60 percent of all federal tax revenues will come from AMT.