AMT

Believe it or not, there is one thing that I agree with Elizabeth Warren about ... and that is that profitable big tech corporations like Amazon should not be paying zero taxes ... even though the present tax code allows it. There is an AMT, Alternative Minimum Tax, for individuals ... so that the accumulation of tax loopholes (hopefully) doesn’t allow high-income individuals pay no, or very little, taxes.

Trump, if he were wise, would promise to make such a tax-code change part of his next tax reform legislation once he is re-elected in November.