1. Using information from the article, construct your own description of the alternative minimum tax.

Your students should identify at least two main points of the alternative minimum tax. First that it was created in 1969 to prevent millionaires from using loopholes that allowed them to avoid all federal income taxes and secondly, if they qualify they must make a second tax calculation which does not allow the same deductions and credits. The new calculation results in a higher tax bill for many citizens.

2. Use any source available to find out more about the alternative minimum tax and expand your answer in number 1 above to include your new findings.

Your students will find plenty of additional information if they Google alternative minimum tax. One such source you can send your students to is http://en.wikipedia.org/wiki/Alternative_Minimum_Tax .

Multiple Choice/True False Questions