Explain What is the impact of the AMT tax on taxpayers today – both individuals and corporations?

Please resarch the topic of Alternate Minimum Tax. This is an important topic that impacts both individuals and businesses.

Please define Alternate Minimum Tax (AMT) and the history of this taxation.

Is the use of this tax currently in sync with the original purpose of the taxation law?

What actions have congress taken to adjust this tax rule?

What is the impact of the AMT tax on taxpayers today – both individuals and corporations?

Please share your opinion of the tax. Should it be kept or eliminated?

Please find two articles that support your article and incorporate them into your posting.

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