[newzjunkey]

Wasn't the "alternative minimum tax" a "millionaire tax?" And doesn't it now ensnare more non-millionaires than anybody else?

Yes.

It came first in 1969 as the "Minimum Tax" for that reason. It became the AMT later and now hits the middle class.

[goat granny]

It was never adjusted to inflation....42 years ago, a buck went farther than it does today and the congress won’t adjust to inflation cause they would lose too much money..