[jscd3]

Since I have not actually read the tax law, perhaps someone here could answer a question that I have: what modifications - if any - have been made to the Alternative Minimum Tax?

Remember, I'm just asking, but it seems to me that if the AMT is not substantially adjusted, most all other tax reductions are going to be irrelevent for the 25% or more of tax payers that currentlt pay AMT.

If anyone has any insight on this, it would be appreciated.

[Sonny M]

Remember, I'm just asking, but it seems to me that if the AMT is not substantially adjusted, most all other tax reductions are going to be irrelevent for the 25% or more of tax payers that currentlt pay AMT.

The belief amongst most, is that there will be serious reform in the second term, and this may be used as a campaign issue.

Also, some time in the next couple of years, the AMT will start affecting over 35 million american families, reform of the AMT will be a part of the overall strategy in Bush's promise to reform and simplify the tax code and bring about Tax reform.