Many taxpayers are surprised when they are hit by the AMT at year end and there is pressure to repeal it.

Many taxpayers are surprised when they are hit by the AMT at year end and there is pressure to repeal it. Research and find the average percentage of taxpayers, individuals and corporations that have been subject to AMT in the last 5 years. Comment on your findings and discuss whether the AMT should be maintained or repealed and provide justifications for your position.