2009 Federal Revenue and Spending Book of Charts

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Connecticut, New York, and New Jersey Have the Highest Percentage of Taxpayers Paying the Alternative Minimum Tax

The nefarious AMT was enacted in 1969 to prevent a small number of wealthy taxpayers from using legitimate deductions and credits to avoid paying taxes altogether. Since then, the AMT's reach has expanded relentlessly because it was never indexed to inflation. Absent reform, 30.3 million tax filers would be forced to pay an average of almost $3,403 more in taxes in 2009.

Percent of Tax Returns Subject to Alternative Minimum Tax, by State

Alternative Minimum Tax
 
 
Source: Internal Revenue Service; Tax Policy Center.

Key Research:
Taxes and Tax Rates

The Clinton Administration Oversaw the Highest Increase in Taxes per Household



Corporate Income Tax Receipts Stay Constant Even as Tax Rates Decline



Corporate Income Tax Cuts Boost Federal Revenues



Current Tax Receipts Below Historical Average



Federal Government Revenues Have More Than Tripled Since 1965



Income Tax Receipts Stay Constant Even as Tax Rates Decline



Connecticut, New York, and New Jersey Have the Highest Percentage of Taxpayers Paying the Alternative Minimum Tax



A Breakdown of Federal Revenue Sources



Taxes per Household Have Risen Dramatically



The Top 10 Percent of Income Earners Paid 71 Percent of Federal Income Tax



Total Tax Burden Is Rising to Highest Level in History