HoustonChronicle.com - Alternative tax tops among IRS hassles

"In her annual report to Congress detailing the difficulties confronting taxpayers, Taxpayer Advocate Nina Olson called the alternative minimum tax 'a time bomb on a short fuse.' Originally intended to stop the wealthy from sheltering their income from taxes, the alternative minimum tax now catches more middle-income families.

Millions of taxpayers will fall into the parallel tax system this year. The problem stands ready to explode in 2005, when 65 percent of married couples with two children and a combined income between $75,000 and $100,000 will pay the alternative minimum tax."

Indeed, the AMT is a growing burden to the middle class. It's a true disaster for overseas tax payers!