Well, even if you don't like it, you may get it. If all the provisions of the Bush administration's 2001 tax cut are allowed to go into effect, by the end of this decade you'll probably be paying something closer to a flat tax than anything you've seen before. ...The AMT system features just two tax rates: 26% and 28%. It doesn't allow you to take deductions for property taxes, state and local income taxes, personal exemptions or miscellaneous itemized deductions. ...Think of the AMT as a shadow tax system. You calculate your taxes one way — the way you're...
