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The Demographics of the CAMT: Insights from Tax Return Data

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  • Danielle H. Green
  • Erin Henry
  • Caitlin McGovern
  • George A. Plesko

Abstract

We evaluate the newly enacted corporate alternative minimum tax (CAMT) using proprietary tax return data for the 2018 and 2019 filing years. We find that a subset of income-related book-tax differences, net operating losses, and foreign and general business tax credits are associated with the reporting of both book income more than $1 billion and a low tax liability. Using tax return data, we estimate that, if the CAMT were in effect for 2018 (2019), 166 (63) corporations would likely be affected. We estimate the aggregate CAMT tax liability would be $63.2 billion in 2018 ($2.5 billion in 2019).

Suggested Citation

  • Danielle H. Green & Erin Henry & Caitlin McGovern & George A. Plesko, 2024. "The Demographics of the CAMT: Insights from Tax Return Data," National Tax Journal, University of Chicago Press, vol. 77(2), pages 383-411.
    • Handle: RePEc:ucp:nattax:doi:10.1086/730168
    DOI: 10.1086/730168
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