Another AMT horror story but this time, a plan to fight back

Jeff Chou, a Cisco engineer who faces a $2.5M AMT tax bill, is taking his protest over AMT public. Besides speaking out to the press (and selling everything he owns to pay Uncle Sam), he’s launched campaign to push for reform of the Alternative Minimum Tax focusing on HR1487 – Proposed AMT Relief Bill. 1487 is viewed as a low probability for passage this year but, if passed, would eliminate AMT consideration for incentive stock options.