I’m a Canuk, and although this tax doesn’t affect me directly, it does affect many of my colleagues and friends.
The AMT ( Alternative Minimum Tax ) ,  was designed to snare 155 wealthy taxpayers in 1969, and is under increased scrutiny by Federal Lawmakers.
One of these lawmakers, Charles B. Rangel - Dem. - Ways and Means Chairman  is bringing forth the “mother of all tax reforms” which some say has some very serious flaws.

For more information do your own research or go here for an article titled: The AMT Must Go: Stop the Middle-Class Tax Raid by Charles Rangel , for more information on the proposed legislation, and read this article: AMT tax mess may not be fixed soon - By Mark Schwanhausser -  Mercury News

Be prepared! It’s estimated that by 2010, if nothing is changed, one in five taxpayers will have AMT liability.