Alternative Minimum Tax
See also
Amt in the American legal Encyclopedia
United States Tax Concept of Alternative Minimum Tax (AMT)
Alternative Minimum Tax (AMT) is a special tax designed primarily to prevent high-income taxpayers from using so many tax breaks that their regular tax bill is reduced to little or nothing. The tax is triggered if certain tax benefits reduce your regular income tax below the Alternative Minimum Tax computed on Form 6251. AMT applies tax rates of 26% and 28%.
Alternative Minimum Tax
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