CRS Releases AMT Taxpayers by State

The Congressional Research Service has released a report for Congress, Alternative Minimum Taxpayers by State:  2003, 2004, and Projections for 2007 (RS22083)

In 2004, 3.1 million taxpayers were subject to the AMT. By 2005, some 4.1 million taxpayers were subject to the AMT. New Jersey, New York, Connecticut, the District of Columbia, and Maryland had the highest percentage of taxpayers subject to the AMT. South Dakota, Mississippi, Tennessee, Alaska, and Alabama had the lowest percentage of taxpayers subject to the AMT.

By 2007, absent legislative change, according to the Joint Committee on Taxation, some 22.2 million taxpayers will be subject to the AMT. At that time, whether a married taxpayer has itemized deductions for state/local taxes or miscellaneous deductions will become a much less important factor than it is at present in determining AMT coverage. This occurs because, whether they itemize their deductions or not, married taxpayers across a wide range of the income spectrum will be subject to the AMT. [click on chart to enlarge]