19-Jul-07
http://www.taxpolicycenter.org
PRELIMINARY RESULTS
T07-0206
Distribution of AMT Taxpayers with Income Reported on Schedules C, E, or F Greater than or Equal to 50 Percent of AGI
By Cash Income Class, 2007
All Tax Units
Cash Income Class
(thousands of 2006
dollars)2
Less than 30
30-50
50-75
75-100
100-200
200-500
500-1,000
More than 1,000
All
Subject to AMT3
Number
(thousands)
64,592
27,400
21,294
13,139
16,685
4,475
756
396
149,332
Percent of
Total
43.3
18.3
14.3
8.8
11.2
3.0
0.5
0.3
100.0
Number
(thousands)
Percent of
Total
Percent
within Class4
4
339
1,891
4,751
11,806
4,014
432
133
23,371
0.0
1.5
8.1
20.3
50.5
17.2
1.8
0.6
100.0
0.0
1.2
8.9
36.2
70.8
89.7
57.1
33.7
15.7
1
Tax Units with Income on Schedules C, E, or F Greater than or
Equal to 50 Percent of AGI
Subject to AMT3
Percent
Number
Percent of
Percent of
Number
within
(thousands)
Total
Total
(thousands)
Class5
4,568
1,190
771
514
896
613
171
113
8,841
51.7
13.5
8.7
5.8
10.1
6.9
1.9
1.3
100.0
0
17
44
134
607
555
68
12
1,436
0.0
1.2
3.0
9.3
42.2
38.7
4.7
0.9
100.0
0.0
1.4
5.7
26.1
67.7
90.6
39.6
10.9
16.2
Source: Urban-Brookings Tax Policy Center Microsimulation Model (version 1006-1).
(1) Calendar year.
(2) Tax units with negative cash income are excluded from the lowest class but are included in the totals. Includes both filing and non-filing units. Tax units that are dependents of
other taxpayers are excluded from the analysis. For a description of cash income, see http://www.taxpolicycenter.org/TaxModel/income.cfm.
(3) Includes those with direct AMT liability on Form 6251, with lost credits, and with reduced deductions.
(4) Represents the percentage of all tax units within that income class that are suject to the AMT.
(5) Represents the percentage of tax units within that income class that have income on Schedules C, E, or F greater than or equal to 50 percent of AGI who are subject to the
AMT.