Indexing the alternative minimum tax to inflation will have increase the forecasted deficit.

Name: Indexing the alternative minimum tax to inflation will have increase the forecasted deficit.
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Question

Quizplus · Accepted Answer

Indexing the alternative minimum tax (AMT) to inflation reduces the amount of tax collected over time, as fewer people's incomes will exceed the inflation-adjusted threshold, leading to a decrease in revenue for the government and thus increasing the forecasted deficit.

Indexing the Alternative Minimum Tax to Inflation Will Have Increase