The alternative minimum tax was first introduced in 1969 as a way to prevent wealthy people from taking advantage of so many income tax deductions and credits that they paid little, if any, income ...

The alternative minimum tax came into being half a century ago as lawmakers tried to prevent the very rich from escaping their fair share of federal income taxes. It requires high-income earners to ...

ATLANTA -- The alternative minimum tax often is called a parallel tax structure, a shadow tax, the AMT, plus a number of other things that you never want to hear coming from your child's mouth. It was ...