13-Mar-15
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2012
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
Miscellaneous deductions above the
3
2-percent floor
4
Regular tax NOLs
5
Private activity bond interest
6
Beneficiaries of estates
7
Passive activity loss
8
Post-1986 depreciation
9
Standard deduction
10
Certain home-mortgage interest
11
Medical deductions
12
Incentive stock options
13
Loss limitations
14
Depletion
15
Intangible drilling costs
16
Long-term contracts
17
Other and related
18
Mining costs
19
Capital gains exclusion (section 1202)
20
R&E expenditures
21
Circulation expenses
22
Large partnerships
23
Installment sales
24
Investment interest
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
28
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
4,407
1,499,292
4,140
4,327
145,501
49,312
65.75
22.28
1,009
21
654
103
589
585
206
47
178
13
162
15
2
2
61
8
6
1
1
-1
105
252
1,397
16
22,376
7,142
803
1,308
1,595
429
1,705
274
837
1,482
322
434
195
344
323
82
107
12
1
1
-8
-78
-1,391
-4,371
-6,476
-955
221,306
10.11
3.23
0.36
0.59
0.72
0.19
0.77
0.12
0.38
0.67
0.15
0.20
0.09
0.16
0.15
0.04
0.05
0.01
0.00
0.00
-0.00
-0.04
-0.63
-1.98
-2.93
-0.43
100.00
4,407
1,720,598
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
18-Mar-15
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2011
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
Miscellaneous deductions above the
3
2-percent floor
4
Regular tax NOLs
5
Private activity bond interest
6
Beneficiaries of estates
7
Passive activity loss
8
Post-1986 depreciation
9
Standard deduction
10
Certain home-mortgage interest
11
Medical deductions
12
Incentive stock options
13
Loss limitations
14
Depletion
15
Intangible drilling costs
16
Long-term contracts
17
Other and related
18
Mining costs
19
Capital gains exclusion (section 1202)
20
R&E expenditures
21
Circulation expenses
22
Large partnerships
23
Installment sales
24
Investment interest
25
Disposition of property
27
AMT NOLs
26
State and local tax refunds
28
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
4,335
1,253,837
3,930
4,346
139,506
49,207
65.25
23.02
1,076
16
618
97
529
593
196
52
202
15
150
16
2
2
66
7
4
2
1
-0
102
321
14
1,491
21,965
4,492
975
1,172
1,219
126
1,562
281
827
1,752
86
418
217
113
239
87
84
18
8
0
-3
-297
-575
-4,133
-4,554
-988
213,804
10.27
2.10
0.46
0.55
0.57
0.06
0.73
0.13
0.39
0.82
0.04
0.20
0.10
0.05
0.11
0.04
0.04
0.01
0.00
--0.00
-0.14
-0.27
-1.93
-2.13
-0.46
100.00
4,431
1,467,641
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
18-Mar-15
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2010
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
Miscellaneous deductions above the
3
2-percent floor
4
Regular tax NOLs
5
Private activity bond interest
6
Beneficiaries of estates
7
Passive activity loss
8
Post-1986 depreciation
9
Standard deduction
10
Certain home-mortgage interest
11
Medical deductions
12
Incentive stock options
13
Loss limitations
14
Depletion
15
Intangible drilling costs
16
Long-term contracts
17
Other and related
18
Mining costs
19
Capital gains exclusion (section 1202)
20
R&E expenditures
21
Circulation expenses
22
Large partnerships
23
Installment sales
24
Investment interest
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
28
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
4,074
1,138,082
3,930
4,138
124,432
46,177
60.88
22.59
981
35
647
96
521
586
181
74
187
14
153
15
1
3
55
6
2
1
1
-0
95
202
1,417
21
20,034
17,135
1,124
1,038
1,002
586
1,402
618
778
1,222
199
367
157
185
195
69
66
14
2
0
-3
-188
-629
-4,513
-6,272
-817
204,380
9.80
8.38
0.55
0.51
0.49
0.29
0.69
0.30
0.38
0.60
0.10
0.18
0.08
0.09
0.10
0.03
0.03
0.01
0.00
--0.00
-0.09
-0.31
-2.21
-3.07
-0.40
100.00
4,199
1,341,866
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
18-Mar-15
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2009
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
Amount
(millions
of dollars)
3,950
962,829
Percentage
of all
preferences
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
Miscellaneous deductions above the
3
2-percent floor
4
Regular tax NOLs
5
Private activity bond interest
6
Beneficiaries of estates
7
Passive activity loss
8
Post-1986 depreciation
9
Standard deduction
10
Certain home-mortgage interest
11
Medical deductions
12
Incentive stock options
13
Loss limitations
14
Depletion
15
Intangible drilling costs
16
Long-term contracts
17
Other and related
18
Mining costs
19
Capital gains exclusion (section 1202)
20
R&E expenditures
21
Circulation expenses
22
Large partnerships
23
Installment sales
24
Investment interest
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
Limit on itemized deduction under
28
regular tax (Pease)
29
Undetermined
Total adjustments and preferences
3,818
3,985
117,992
40,034
65.23
22.13
1,000
15
677
92
508
605
163
74
173
6
147
13
2
4
4
4
3
1
1
-0
96
167
1,405
10
19,866
12,730
1,175
919
1,113
365
1,319
615
687
379
276
331
181
316
315
39
43
37
-4
-5
-3
-283
-924
-4,686
-4,938
10.98
7.04
0.65
0.51
0.62
0.20
0.73
0.34
0.38
0.21
0.15
0.18
0.10
0.17
0.17
0.02
0.02
0.02
-0.00
-0.00
-0.00
-0.16
-0.51
-2.59
-2.73
3,218
-6,112
-879
180,898
-3.38
-0.49
100.00
= AMTI
4,040
1,143,727
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
21-Dec-10
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2008
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
Amount
(millions
of dollars)
4,083
1,137,791
Percentage
of all
preferences
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
3
Miscellaneous deductions above the
2-percent floor
4
Regular tax NOLs
5
Private activity bond interest
6
Beneficiaries of estates
7
Passive activity loss
8
Post-1986 depreciation
9
Standard deduction
10
Certain home-mortgage interest
11
Medical deductions
12
Incentive stock options
13
Loss limitations
14
Depletion
15
Intangible drilling costs
16
Long-term contracts
17
Other and related
18
Mining costs
19
Capital gains exclusion (section 1202)
20
R&E expenditures
21
Circulation expenses
22
Large partnerships
23
Installment sales
24
Investment interest
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
Limit on itemized deduction under
28
regular tax (Pease)
29
Undetermined
Total adjustments and preferences
3,945
4,120
136,442
37,863
68.26
18.94
1,097
13
839
118
563
682
187
91
185
12
139
14
4
2
47
6
3
4
2
1
0
100
205
1,362
9
23,910
8,820
1,856
1,652
1,589
1,430
1,415
1,003
775
752
488
330
202
199
164
74
55
32
1
0
0
-861
-955
-4,566
-3,732
11.96
4.41
0.93
0.83
0.79
0.72
0.71
0.50
0.39
0.38
0.24
0.17
0.10
0.10
0.08
0.04
0.03
0.02
0.00
---0.43
-0.48
-2.28
-1.87
3,404
-8,204
-848
199,886
-4.10
-0.42
100.00
= AMTI
4,083
1,337,677
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
27-Jul-10
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2007
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
3
Miscellaneous deductions above the
2-percent floor
4
Regular tax NOLs
5
Post-1986 depreciation
6
Private activity bond interest
7
Incentive stock options
8
Standard deduction
9
Passive activity loss
10
Beneficiaries of estates
11
Medical deductions
12
Loss limitations
13
Certain home-mortgage interest
14
Depletion
15
Long-term contracts
16
Intangible drilling costs
17
Other and related
18
Capital gains exclusion (section 1202)
19
Mining costs
20
Circulation expenses
21
Large partnerships
22
Installment sales
23
R&E expenditures
24
Investment interest
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
28
Limit on itemized deduction under
regular tax (Pease)
29
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
1,297,428
4,094
4,328
130,128
33,211
71.53
18.25
1,194
20
753
900
20
240
639
129
199
133
88
16
3
3
46
5
6
3
1
0
3
94
272
1,469
14
21,756
12,686
2,293
2,216
1,968
1,898
1,749
1,109
804
765
534
390
294
172
102
68
65
2
0
-1
-4
-132
-1,757
-4,075
-4,987
11.96
6.97
1.26
1.22
1.08
1.04
0.96
0.61
0.44
0.42
0.29
0.21
0.16
0.09
0.06
0.04
0.04
0.00
--0.00
-0.00
-0.07
-0.97
-2.24
-2.74
3,515
-18,065
-1,256
181,933
-9.93
-0.69
100.00
4,411
1,479,361
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
24-Oct-08
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2006
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
3
Miscellaneous deductions above the
2-percent floor
4
Regular tax NOLs
5
Standard deduction
6
Post-1986 depreciation
7
Incentive stock options
8
Private activity bond interest
9
Passive activity loss
10
Beneficiaries of estates
11
Loss limitations
12
Medical deductions
13
Certain home-mortgage interest
14
Long-term contracts
15
Depletion
16
Other and related
17
Intangible drilling costs
18
Capital gains exclusion (section 1202)
19
Investment interest
20
Mining costs
21
R&E expenditures
22
Circulation expenses
23
Large partnerships
24
Installment sales
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
28
Limit on itemized deduction under
regular tax (Pease)
29
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
1,160,713
3,965
4,167
119,192
32,167
70.57
19.05
1,202
20
288
726
19
624
640
116
120
186
88
3
13
47
2
5
101
2
1
1
1
0
305
1,442
15
19,614
13,254
1,799
1,796
1,744
1,580
1,437
1,061
771
710
444
373
346
170
127
77
52
44
13
8
1
0
-1,653
-3,623
-5,339
11.61
7.85
1.07
1.06
1.03
0.94
0.85
0.63
0.46
0.42
0.26
0.22
0.20
0.10
0.08
0.05
0.03
0.03
0.01
0.00
0.00
--0.98
-2.15
-3.16
3,333
-16,007
-1,269
168,889
-9.48
-0.75
100.00
4,334
1,329,602
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
28-Mar-08
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2005
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1
State and local tax deductions
2
Personal exemptions
3
Miscellaneous deductions above the
2-percent floor
4
Regular tax NOLs
5
Incentive stock options
6
Standard deduction
7
Passive activity loss
8
Beneficiaries of estates
9
Private activity bond interest
10
Post-1986 depreciation
11
Medical deductions
12
Long-term contracts
13
Certain home-mortgage interest
14
Depletion
15
Loss limitations
16
Other and related
17
Intangible drilling costs
18
Capital gains exclusion (section 1202)
19
Mining costs
20
Investment interest
21
R&E expenditures
22
Circulation expenses
23
Large partnerships
24
Installment sales
25
Disposition of property
26
State and local tax refunds
27
AMT NOLs
28
Limit on itemized deduction under
regular tax
29
Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
984,529
4,063
3,414
104,439
30,802
68.19
20.11
1,381
24
24
232
638
91
247
720
227
5
94
11
62
0
0
3
2
94
0
1
1
0
333
1,594
22
21,005
14,897
2,273
1,912
1,492
926
741
739
726
535
437
371
225
130
124
65
33
20
9
5
3
0
-612
-3,149
-5,907
13.71
9.73
1.48
1.25
0.97
0.60
0.48
0.48
0.47
0.35
0.29
0.24
0.15
0.08
0.08
0.04
0.02
0.01
0.01
0.00
0.00
--0.40
-2.06
-3.86
3,139
-18,525
-553
153,163
-12.09
-0.36
100.00
4,308
1,137,692
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation).
5-Dec-06
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2004
Number of
taxpayers with
AMT preference
(thousands)
Taxable income from Form 1040 (including
negative amounts)
+ AMT adjustments and preferences
1 State and local tax deductions
2 Personal exemptions
3 Miscellaneous deductions above the
2-percent floor
4 Regular tax NOLs
5 Incentive stock options
6 Passive activity loss
7 Medical deductions
8 Standard deduction
9 Beneficiaries of estates
10 Private activity bond interest
11 Other and related
12 Depletion
13 Long-term contracts
14 Certain home-mortgage interest
15 Intangible drilling costs
16 Post-1986 depreciation
17 Capital gains exclusion (section 1202)
18 R&E expenditures
19 Loss limitations
20 Investment interest
21 Mining costs
22 Circulation expenses
23 Large partnerships
24 Installment sales
25 Disposition of property
26 State and local tax refunds
27 AMT NOLs
28 Limit on itemized deduction under
regular tax
29 Undetermined
Total adjustments and preferences
= AMTI
Amount
(millions
of dollars)
Percentage
of all
preferences
743,752
3,219
2,588
81,851
22,388
67.99
18.60
1,096
22
28
486
163
68
62
184
36
9
2
35
1
529
3
0
35
74
1
1
1
0
314
1,376
23
16,842
15,061
2,678
1,136
571
530
524
520
517
285
248
198
173
105
50
48
38
22
14
2
0
0
-1,151
-3,046
-5,784
13.99
12.51
2.22
0.94
0.47
0.44
0.44
0.43
0.43
0.24
0.21
0.16
0.14
0.09
0.04
0.04
0.03
0.02
0.01
0.00
0.00
0.00
-0.96
-2.53
-4.80
2,521
0
3,296
-14,269
843
120,394
-11.85
0.70
100.00
864,146
Note: The table contains information on taxpayers who owe additional tax because of the AMT
(including lost credits).
Source: Office of Tax Analysis, Department of the Treasury (unpublished tabulation)
Reconciling AMTI and Taxable Income for AMT Taxpayers in 2002
Number of
taxpayers with Amount Percentage
of all
($
AMT preference
millions) preferences
(thousands)
Taxable income from Form 1040 (including
317,144
negative amounts)
+ AMT adjustments and preferences
1 State and local tax deductions
1,986
42,103
51.1
2 Personal exemptions
1,875
17,801
21.6
3 Miscellaneous deductions above the
1,039
16,741
20.3
2-percent floor
4 Regular tax NOLs
15
9,811
11.9
5 Incentive stock options
19
1,987
2.4
6 Passive activity loss
343
1,197
1.5
7 Standard deduction
178
1,026
1.2
8 Post-1986 depreciation
348
965
1.2
9 Beneficiaries of estates
51
478
0.6
10 Private activity bond interest
92
437
0.5
11 Medical deductions
162
414
0.5
12 Long-term contracts
3
397
0.5
13 Other and related
21
351
0.4
14 Capital gains exclusion (section
3
224
0.3
1202)
15 Depletion
7
193
0.2
16 Loss limitations
16
179
0.2
17 Certain home-mortgage interest
31
163
0.2
18 Intangible drilling costs
2
68
0.1
19 Circulation expenses
0
5
0.0
20 R&E expenditures
0
5
0.0
21 Mining costs
0
2
0.0
22 Large partnerships
0
0
0.0
23 Installment sales
0
-3
0.0
24 Investment interest
29
-67
-0.1
25 Disposition of property
184
-1,257
-1.5
26 State and local tax refunds
1,010
-2,409
-2.9
27 AMT NOLs
14
-3,383
-4.1
28 Limit on itemized deduction under
1,108
-5,313
-6.5
regular tax
29 Undetermined
211
0.3
2,186
82,326
100.0
Total preferences and adjustments
= AMTI
400,496
Source: Office of Tax Analysis, Department of the Treasury (unpublished
tabulation). In Burman and Weiner, Suppose They Took The AM Out o f
the AMT , 2005,
http://www.taxpolicycenter.org/publications/url.cfm?ID=311212
Note: AMT taxpayers are those affected by the AMT, including those
who lose tax credits.