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Economic income

    0.02 sec.
Economic income
Cash flow plus change in present value.


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Congress's purpose was to tax those with substantial economic income who avoided the regular tax through exclusions, deductions and credits.
The tourist trade is our base of economic income and to have a major highway to its doorstep is very important.
Initially enacted in 1969 and substantially modified in 1986, the corporate AMT today has little effect on its original target--companies with substantial economic income that were paying little or no federal taxes.
 
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