Alternative minimum tax is a misnomer. It isn't an alternative, because you don't have a choice. And it isn't the minimum, because you end up paying higher taxes than you would have otherwise.

It is the great American bait and switch. They say, 'We're going to give you tax breaks' -- and then you find out you don't qualify.

They can't change the AMT tax consequences of that $55 that they made in virtual income when they exercised and they will pay taxes on that extra money if they still hold those shares on Dec. 31st of this year.

I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax.

The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.

When the minutes behind him aren't what they need to be, I don't have much choice.