[So Cal Rocket]

Alternative Minimum Tax... a tax which was intended to keep extremely wealthy people from avoiding income tax due to high deductions and tax shelters.

Because the AMT was never indexed for inflation, and because many companies are now giving rank-and-file employees stock options (it used to be just top executives would get them), more and more people are getting stuck with tax bills much higher than they expected (and in many cases - much higher than they could ever afford).

[Theodore R.]

I have heard of alternative minimum taxes, but I did not recognize the acronymn AMT. Yes, the AMT then is another example of liberal government gone amuck, with or without Democrats nominally in charge.