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What is the rationale for Alternative Minimum Tax? Why is it that many more people are subject to it now that were not intended to

  • What is the rationale for Alternative Minimum Tax?
  • Why is it that many more people are subject to it now that were not intended to be subject to it before?
  • Does the AMT favor one group of taxpayers over another?
  • Are there any economic, social, revenue, or political implications?

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