Alternate minimum tax

The AMT (Alternate Minimum Tax) is imposed on individuals and corporations by the Federal government to make sure that everyone is paying their fair share and is not escaping taxes through some arcane accounting rules. In the case of 26 major corporations making $billions over 4 years and paying NOTHING in Federal income taxes, the AMT obviously is failing. I refer you to an interesting article that appears today on Truthout

Please see FAIR tax is not fair | Repatriation of profits | Steve Forbes | Taxes