Publication Date
October 1996
Abstract
The alternative minimum tax is a complete tax calculation that haunts a relative small, but growing, percentage of individual taxpayers. It has evolved since 1969 from a conceptual nuisance which bothered almost no one to a tax which can be a nightmare for the unsuspecting. The alternative minimum tax with its almost uniform rate structure, applied to a broader base of taxable income, computed alter a large exemption, seems to be a mirror of the "flat" rate income tax proposals that have recently been described in the press. The 25 year history and evolution of the minimum tax seems relevant in the debate regarding proposals of change in the current graduated income tax to a broader-based, flat rate structure.
Recommended Citation
Samson, William D.
(1996)
"(Alternative) minimum tax: Precursor to a flat-rate income tax?,"
Accounting Historians Notebook: Vol. 19
:
No.
2
, Article 6.
Available at:
https://egrove.olemiss.edu/aah_notebook/vol19/iss2/6