Originally Posted by audreyh1
If AMT had been indexed to inflation, it would have kept the same limited scope it had when it was first created.
Also, if you calculate how much people actually pay, it is usually quite a bit less than what their tax bracket is (after all, this is a progressive tax system).
For AMT purposes, if you're MFJ and income is below $150k, you won't be suceptible to the AMT. And single is $112,500 income.
Keep in mind I live in the highest property tax state in the US (NJ) according to most financial magazines.
Here's the AMT form in case anyone needs it: http://www.irs.gov/pub/irs-pdf/f6251.pdf