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Argument for using the amt to a taxpayers advantage

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Reference no: EM132321

Question:

Suppose that you work for the Internal Revenue Service, and Congress has tasked you with developing changes to the alternative minimum tax (AMT).

Prepare a four to five page paper in which you:

Determine the effectiveness of the intended results of the enactment of the AMT and provide an assessment of its successes and / or failures.

Prepare an argument for using the AMT to a taxpayer's advantage over a non-AMT environment. Support your argument with examples.

Propose changes to the AMT that could be most beneficial to the most taxpayers. Describe how your proposed changes would be beneficial.

Find an alternative to the AMT that could achieve the same intended results, and predict how the alternative tax you proposed could impact taxpayers in the middle and higher income levels.

Use at least three quality academic resources in this assignment.

Reference no: EM132321

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