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 What does the alternative minimum tax change really mean?

Answer The alternative minimum tax (AMT) is used to ensure that wealthy households pay at least a minimum amount of taxes, or no less than a "tax floor." The change in the AMT in 2009 means many people w... Read More »
http://www.answerbag.com/q_view/1911998

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What is an alternative minimum tax?

The alternative minimum tax is a tax that is designed to eliminate deductions and credits. It increases a tax payer's liability "for an individual who would otherwise pay less tax," according to th... Read More »
http://www.answerbag.com/q_view/2109156

What is an alternative minimum tax exemption?

An alternative minimum tax exemption, or AMT, is a sum of money that payers of the AMT can subtract from taxable income before calculating what his AMT payment will be. As an example, the AMT exem... Read More »
http://www.answerbag.com/q_view/2244137

Who pays alternative minimum tax?

According to the IRS, the alternative minimum tax (AMT) is a separately figured tax that eliminates many deductions and credits, thus increasing tax liability for an individual who would otherwise ... Read More »
http://www.answerbag.com/q_view/1997129

What Is Income for Alternative Minimum Tax?

The alternative minimum tax functions as a separate tax system in the United States that eliminates many deductions and tax loopholes for taxpayers who income falls above a certain levels. Although... Read More »
http://www.ehow.com/info_8505051_income-alternative-minimum-tax.html


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