Share of households liable for the<br />alternative minimum tax in 2016<br />EXPANDED CASH INCOME LEVEL*<br />$500,000 to $1 million<br />Share of households liable for the alternative minimum tax in 2016<br />Of the 4.7 million filers paying the A. M.T.<br />About 30 percent of households earning $200,000 to $500,000 in 2016 are being hit by the minimum tax, as are 63 percent of<br />those earning $500,000 to $1 million, according to calculations from the nonpartisan Tax Policy Center in Washington.<br />In Mr. Trump’s case, he paid 25 percent of $153 million in taxable income instead of the less than 4 percent that he would have paid without it.<br />Both Mr. Trump and the House Republicans’ proposed overhaul of the code would eliminate the individual and corporate alternative minimum taxes.<br />Mr. Trump has personal experience with the provision: It ended up costing him an additional $31 million in federal income taxes in 2005<br />that a banquet of deductions would have otherwise enabled him to avoid paying.<br />President Trump and congressional Republicans want to eliminate the alternative minimum tax in<br />the context of lowering tax rates — especially for those at the top of the income ladder.
