If you aren’t already familiar with the individual alternative minimum tax (AMT), there’s a good chance that you soon will be. Because its key figures aren’t indexed for inflation, the AMT reaches further into the ranks of middle-income Americans each year. And, since temporary legislative band-aids expired at the end of 2006, the stage is set for a dramatic rise in the number of individuals who are affected.

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Posted by Michael Chapman at 12:00 PM PDT