corporate income etc. flows to individuals eventually, the AMT does hit everyone. Idiots (that passed the 2017 tax cut and jobs bill) passed a bill making corporations pay even less taxes. And now they are going through this again? Probably another sneaky way to slip in another tax cut while raising the bulk of taxes on the majority of people too.

residency is at, I am suspecting but I really don't know. Here's some more information on the AMT, that may help guide you...
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Taxpayers have to complete Form 6251 to see whether they might owe AMT. First, they get to subtract the exemption amount ($71,700 for 2019/$72,900 for 2020). If their AMT is less than the exemption, they do not have to pay AMT. For married couples filing jointly, the AMT has to exceed $191,500 and the exemption figure is $111,700 ($113,400 in 2020).

It's important to note, though, that taxpayers with AMTI over a certain threshold do not qualify for the AMT exemption. For 2018-2025, these thresholds are $500,000 for individuals and $1 million for those married filing jointly.

Purpose of AMT: AMT is designed to prevent taxpayers from escaping their fair share of tax liability through tax breaks. However, the structure was not indexed to inflation or tax cuts. This can cause bracket creep, a condition in which upper-middle-income taxpayers are subject to this tax instead of just the wealthy taxpayers for whom AMT was invented. In 2015, however, Congress passed a law indexing the AMT exemption amount to inflation.

Calculating AMT: To determine if they owe AMT, individuals can use tax software that automatically does the calculation, or they can fill out IRS Form 6251. This form takes medical expenses, home mortgage interest, and several other miscellaneous deductions into account to help tax filers determine if their deductions are past an overall limit set by the IRS.

What is Alternative Minimum Tax and How is it Calculated ...
https://www.thestreet.com/personal-finance/what-is-alternative-minimum-tax-amt-14808762
The alternative minimum tax is a shadow tax that has ensnared millions of Americans. Here's how to deal with it and reduce your AMT liability. ... Foreign tax credits. Passive income and losses ...

first post, being rhetorical and all, sometimes things just go way way over my head. Ha ha. Yeah, and you'll notice none of the republican hopefuls are using the 2017 tax cut (and jobs bills (WHAT JOBS?)) as a backdrop to their 2020 campaigns. How can they? One of the largest, unneeded tax cuts in history and one that is going to damage the economy (in my opinion).

Inflation is biting at the doors (at an almost unheard of 6% for some things). Stagnant wages are still lapping at the front doors of many Americans. Manufacturing is slowing down, too many other things going on that seem to signify a coming slowdown in the economy. And the 2017 tax cut (and worthless jobs bill part) was supposed to do what?

number like that in who knows how long it's been? Way artificially goosing the economy probably did the trick. I don't recall the specific article but you can do a search and find more details on. I was shocked, as I said, I hadn't seen this high of an inflation number in a long long time.

because we all know the GOP in the senate won't pass it

already a couple of times at least, and NTR still.

Let me guess, it doesn't have anything to the left of the decimal point, and doesn't kick in until net profits after expenses and depreciation are over $10 billion.

Am I close?