This is totally false statement. As a tax preparer only about 3% of clients are effected by AMT.
i am glad you are not my tax preparer. look at the chart on page 3 of this PDF. AMT will capture almost everybody between 200K-500K, and then almost everybody 100K-200K, just like i said. unlike your flip "totally false statement" assessment.
see this file:
taxreformpanel.gov
wake up and smell the coffee:
Which Taxpayers Are Affected The Most By The AMT?
• Middle-income taxpayers are increasingly affected by the AMT.
o As the chart below shows, in 2005, 69 percent of taxpayers with incomes
between $200,000 and $500,000 will be subject to the AMT.
o Between 2005 and 2006 the percentage of taxpayers with incomes between
$100,000 and $200,000 subject to the AMT will increase from 13 percent to
76 percent.
o By 2011, a higher percentage of taxpayers with incomes between $50,000 and
$100,000 will be subject to the AMT than for taxpayers with incomes
exceeding $500,000.
o By 2015, over three-quarters of taxpayers with incomes between $50,000 and
$1 million will be subject to the AMT.
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