Tax Sideshow Threatens to Become One-Ring Circus : Growth of AMT Raises Issues of Fairness, Efficiency, and Simplicity

The descendant of a 1969 tax designed to prevent 155 wealthy people from escaping federal tax liability will affect 36 million, mostly middle-class taxpayers by 2010, say researchers from the nonpartisan Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution. [Read the <a href="http://taxpolicycenter.org/research/Topic.cfm?PubID=410561" title="Click to read the report online ..." class="smaller">report</a> and the companion <a href="http://taxpolicycenter.org/research/Topic.cfm?PubID=310565" title="Click to read this report online ..." class="smaller">policy brief</a>]