On Trump’s taxes and the AMT

A general view of the U.S. Internal Revenue Service (IRS) building, with the partial quote "taxes are what we pay," in Washington May 27, 2015. Tax return information for about 100,000 U.S. taxpayers was illegally accessed by cyber criminals over the past four months, U.S. IRS Commissioner John Koskinen said on Tuesday, the latest in a series of data thefts that have alarmed American consumers. The entire quote chiseled on the building, from Oliver Wendell Holmes, reads, "Taxes are what we pay for a civilized society''. REUTERS/Jonathan Ernst - RTX1EU9N

William Gale, co-director of the Urban-Brookings Tax Policy Center and senior fellow in Economic Studies, contextualizes the controversy surrounding President Trump’s released tax returns through the alternative minimum tax and Trump’s proposed tax reforms.

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