The Alternative Minimum Tax (AMT) on US corporations impleme…

The Alternative Minimum Tax (AMT) on US corporations implemented in 1986 tended to hit companies during recessions and after large capital investments, disincentivizing investment in plant and equipment. It was repealed as part of the 2017 TCJA due to these harmful effects and because it was costly for both taxpayers and the IRS to calculate and it raised little revenue.

According to Warren Buffet, “When you are told that all [sto…

According to Warren Buffet, “When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either n economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).”