Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Staff Reporters
****
Alternative Minimum Tax
DEFINITION: The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges.
CITE: https://www.r2library.com/Resource/Title/0826102549
***
Key Takeaways
- The alternative minimum tax (AMT) ensures that certain taxpayers pay their fair share of income taxes.
- However, the structure was not indexed to inflation or tax cuts. …
- For those subject to AMT, there are certain strategies that can be employed to reduce your exposure to this tax.
***
COMMENTS APPRECIATED
Thank You
Subscribe to the Medical Executive-Post
****
***
Share this:
Filed under: "Ask-an-Advisor", Accounting, Glossary Terms, Investing, Taxation | Tagged: Accounting, alternative minimum tax, AMT, AMT tax, Investing, tax, Taxation | Leave a comment »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 