The AMT nearly got me this year, and the sole reason was that we sold a house. So they tell you the tax rate on a capital gain is 15%, but then they nail you because you didn't pay the tax that they wanted you to pay on the capital gain. WTH?
Fortunately we kept digging and found a clause that excluded our capital gain, which knocked out the AMT. I'm still peeved, though.
That must have been a LOT of capital gains.
Gee, the Republicans control both Houses of Congress and the White House. And the reason they haven't gotten rid of the AMT in the last five years is...(crickets chirping)...