The avowed purpose of the AMT was to make sure nobody got away with paying nothing in income taxes.
Does it actually do that ? Heck no ! There are tens of millions of people with low incomes that get away with paying nothing for the spending programs they blithely vote for.
Rather than trying to eliminate the AMT, I’d rather it be rewritten as a TRUE minimum tax that hits EVERYBODY. It would give people a reason to really think about how much government is costing them.
If everybody had to pay the LARGER of a 10% AMT on ALL INCOME with NO DEDUCTIONS, or their personal income tax calculated the normal way, we would finally see a tax revolt and government spending fall.
The current situation, where 50% of the people are paying only 3% of taxes, cannot continue indefinitely.
I agree. Also if you don't pay taxes, you don't get a vote.