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AMT Shock!!!! If the AMT Patch is not renewed!!!

During the 2011 tax year for example, the AMT hit single taxpayers with incomes as low as $48,450 and joint filers making only $74,450.
But millions more Americans could be subject to the AMT in their 2012 returns if Congress fails to reach a deal on the fiscal cliff before year-end. That's because the AMT is currently scheduled to hit individuals making as little as $33,750 a year and joint filers making $45,000.Individuals would pay well over $3,000 a year more in taxes if the AMT Patch is not renewed by Congress.

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