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EK 21 - Macroeconomics
Professor Bockino
Alternative Minimum Tax (AMT)
The Alternative Minimum Tax was originally designed at targeting wealthy persons with crafty tax advisors or a plethora of tax exemptions. What it is, is an alternative tax calculation providing income tax. When this number is calculated (The AMT) you compare your regular income tax and the newly derived AMT...
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EK 21 - Macroeconomics
Professor Bockino
Alternative Minimum Tax (AMT)
The Alternative Minimum Tax was originally designed at targeting wealthy persons with crafty tax advisors or a plethora of tax exemptions. What it is, is an alternative tax calculation providing income tax. When this number is calculated (The AMT) you compare your regular income tax and the newly derived AMT...
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