In 2005, Trump Was Hit With A Tax That He Now Wants To Abolish
The Alternative Minimum Tax was passed to target the ultra-wealthy, but today it's more likely to affect the upper-middle class.
President Trump has made clear he doesn't like the Alternative Minimum Tax, a complex federal levy that will hit some 4.8 million taxpayers this year.
A two-page tax return, filed by Trump, may suggest one reason why. Because of the AMT, Trump was required to pay about $38 million in taxes on income of more than $150 million that year.
