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Alternative Minimum Tax Income |
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Alternative Minimum Tax Income In the United States, income subject to the alternative minimum tax. It is calculated by adding certain deductions back into a person's adjusted gross income and then subtracting the AMT exemption. The taxpayer pays a percentage of the alternative minimum tax income rather than his/her AGI. See also: Tentative minimum tax, Bracket creep. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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