Alternative Minimum Mayhem
Millions of taxpayers are getting a rude awakening this tax season. It's called the AMT and it ain't pretty. Kai interviews Clint Stretch from Deloitte Tax LLP.
For millions of Americans, the Alternative Minimum Tax (AMT) is THE tax. It was originally supposed to hit super rich people with lots of deductions and high-priced accountants, but now it's affecting taxpayers with average incomes. Lots of you wrote to us asking what the AMT is, so we invited Clint Stretch, director of tax policy at Deloitte Tax in Washington, to explain. (Photo: Tim Boyle (c) Getty Images)
