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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (53781)	2/13/2006 11:15:31 PM
From: regli	Read Replies (1) \| Respond to of 110194

You are right, that chart indicates a very significant increase of tax payers subject to the AMT from 2005 to 2006. However, If you check out figure 1 in the following document, you'll see that revenue as a result of AMT grows from approx. $14 billion in 2004 to approx. $30 billion in 2005. A huge increase and bound to grow to $55 billion in 2006. cbo.gov This would indicate a 1.6% increase in individual income tax revenues just in 2005 and at current projections close to 3% in 2006. As a result, it looks like AMT alone made up more than 15% of the increased revenue in the first 3 quarters of 2005. If we adjust the figures for inflation then more than half of the increase is already made up by these 2 elements. I am sure that house flipping contributed a significant part of the rest balanced out by bonuses on Wall Street.