October 15, 2012

Percent of Population paying Alternative Minimum Tax (AMT) for 2009

Ever hear of anyone you know complain of paying the AMT or Alternative Minimum Tax?   If you live in New Jersey or Connecticut you're more likely to have heard such complaints than if you live in Tennessee or South Dakota.   Nationally 2.7% of the population paid AMT in 2009 but the rate varies a lot between states.


This is data from the IRS for the year 2009.  Its from the SOI tax stats tables by states.   I'm using the 2009 figures since those were the latest that showed AMT.

Here's the data in table form :

 

State Percent Number
UNITED STATES  2.7% 3,844,217
ALABAMA 1.2% 23,895
ALASKA 1.1% 4,103
ARIZONA 1.6% 41,699
ARKANSAS 1.5% 17,578
CALIFORNIA 4.2% 685,141
COLORADO 2.2% 51,537
CONNECTICUT 5.5% 93,729
DELAWARE 2.1% 8,865
DISTRICT OF COLUMBIA 5.2% 16,133
FLORIDA 1.6% 141,118
GEORGIA 2.4% 106,477
HAWAII 1.7% 11,122
IDAHO 1.5% 9,617
ILLINOIS 2.7% 160,561
INDIANA 1.4% 41,535
IOWA 1.7% 23,816
KANSAS 2.1% 27,442
KENTUCKY 1.6% 29,892
LOUISIANA 1.7% 33,875
MAINE 2.0% 12,249
MARYLAND 4.8% 132,676
MASSACHUSETTS 4.5% 141,581
MICHIGAN 1.8% 81,589
MINNESOTA 2.8% 70,575
MISSISSIPPI 1.1% 14,012
MISSOURI 1.8% 47,551
MONTANA 1.5% 7,027
NEBRASKA 2.0% 16,546
NEVADA 1.2% 15,412
NEW HAMPSHIRE 2.3% 14,979
NEW JERSEY 6.3% 265,495
NEW MEXICO 1.2% 10,695
NEW YORK 5.2% 477,166
NORTH CAROLINA 2.1% 87,720
NORTH DAKOTA 1.5% 4,839
OHIO 2.2% 120,055
OKLAHOMA 1.5% 23,342
OREGON 2.3% 40,127
PENNSYLVANIA 2.5% 150,253
RHODE ISLAND 2.7% 13,669
SOUTH CAROLINA 1.5% 30,931
SOUTH DAKOTA 1.1% 4,238
TENNESSEE 1.0% 29,024
TEXAS 1.9% 206,222
UTAH 1.7% 19,029
VERMONT 2.1% 6,791
VIRGINIA 3.5% 130,531
WASHINGTON 1.7% 54,351
WEST VIRGINIA 1.3% 9,764
WISCONSIN 2.1% 55,952
WYOMING 1.2% 3,305

As you can see theres a pretty wide variation in the percentages from state to state.   Most of the difference in ATM rates between states is due to differences in income levels from state to state.   The highest rate is in New Jersey where nearly 20% of the tax filers reports household income over $100,000.   While the lowest is Tennessee at 1.0% where just under 9% of the households are in the six figure range.

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2 comments:

  1. And it was originally enacted to tax 155 high income families... got to love what a generation of inflation will do to 'high income only' taxes!

    ReplyDelete
  2. Yeah they really ought to link this one to inflation adjustment so the exemption goes up annually. I can't see why they haven't done so yet. They just keep kicking the can down the road.

    Jim

    ReplyDelete

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