http://www.taxpolicycenter.org
27-May-03
Table T03-0138
Distribution of AMT Taxpayers by AGI Class, 20101
Taxpayers3
AGI Class (thousands
of 2002 dollars)2
Less than 10
10-20
20-30
30-40
40-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Number
(thousands)
1,758
13,175
14,204
13,290
10,305
18,565
11,750
13,372
3,236
519
269
100,449
Married taxpayers with 2 or
more children6
AMT Taxpayers4
Percent of
Total
Number
(thousands)
1.8
13.1
14.1
13.2
10.3
18.5
11.7
13.3
3.2
0.5
0.3
100.0
1
5
115
690
1,043
6,881
8,594
12,313
3,118
256
65
33,087
Percent of
Taxpayers
0.1
*
0.8
5.2
10.1
37.1
73.1
92.1
96.4
49.4
24.1
32.9
Average AMT
Liability
(2002$) 5
Number
(thousands)
Percent of
Total
8,346
3,155
500
631
694
1,075
1,671
3,023
10,084
16,935
97,110
3,098
**
**
1
212
763
2,968
2,824
3,577
1,040
182
88
11,657
*
*
*
1.8
6.5
25.5
24.2
30.7
8.9
1.6
0.8
100.0
Married AMT Taxpayers with
2 or more children
Percent of
Number
married with 2
(thousands)
or more
children
**
**
**
4
124
1,954
2,754
3,566
1,028
98
18
9,546
***
***
***
1.8
16.3
65.8
97.5
99.7
98.8
53.8
20.4
81.9
Percent of
EGTRRA Cut
Taken Back by
AMT7
*
*
*
0.4
1.5
14.8
36.5
65.0
71.8
15.9
8.2
33.6
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 0503-1).
* Less than 0.05 percent. ** Fewer than 500 taxpayers. *** Insufficient data for analysis.
(1) Calendar year. Baseline is current law.
(2) Taxpayers with negative AGI are excluded from the lowest income class but are included in the totals.
(3) Taxpayers are defined as returns with positive income tax liability net of refundable credits (EITC and additional child tax credit). Taxpayers that are dependents of other taxpayers are excluded from the
analysis.
(4) AMT taxpayers are those with direct AMT liability from Form 6251 and those with lost credits.
(5) Average is for those taxpayers with direct AMT liability from Form 6251 and for those with lost credits.
(6) Refers to married taxpayers filing a joint return claiming at least 2 exemptions for children living at home.
(7) Includes provisions affecting the following: marginal tax rates, the 10-percent bracket; the child tax credit; the child and dependent care credit; the personal exemption phaseout (PEP); the limitation on
itemized deductions (Pease); the standard deduction, 15-percent bracket, and EITC for married couples. Excludes education, pension, and IRA provisions.