Use the IRSs Statistics of Income page to determine how many individual income tax returns reported an
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Use the IRS’s Statistics of Income page to determine how many individual income tax returns reported an AMT liability from 2013 to 2018. What percentage of returns filed in this time period report an AMT liability? What percentage of tax revenues collected in that same period does the AMT comprise? Summarize your findings in a series of graphs to share with your classmates. Use the information gathered to discuss whether the tax revenues collected from the AMT justify the additional compliance costs imposed on taxpayers.
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Related Book For
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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