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Liberals are complaining so much about the Alternative Minimum Tax, you would almost think that they wanted to cut it.(Brief article)
Liberals are complaining so much about the Alternative Minimum Tax, you would almost think that they wanted to cut it. The AMT was originally designed so that rich people and corporations couldn't deduct their way out of paying any taxes. If your tax liability under the regular tax code is lower than what you would pay under the AMT, you have to pay the AMT. It is a nasty feature of our tax laws that until recently affected a small number of people. For a variety of reasons, it is now affecting more and more people. For one thing, the AMT isn't indexed for inflation while the regular tax code is. For another, President Bush's tax cuts have lowered many ...
- The individual AMT: why it matters. (alternative minimum tax)(The Post-Election...
- Magazine article from: National Tax Journal Harvey, Robert P. Tempalski, Jerry September 1, 1997 700+ words
...The individual alternative minimum tax (AMT)is not well understood...absent any change to the AMT itself. Add-on Minimum Tax The add-on minimum tax...gains were taxed under the AMT The add-on minimum tax was repealed in 1982, and...
- Easing of AMT on corporations couldpave way for muni relief.(alternative...
- Magazine article from: The Bond Buyer Pryde, Joan March 9, 1995 700+ words
...affect the way the minimum tax is applied to bond...merely putting the AMT on the table for...also subject to the AMT, which translates into an effective minimum tax rate for those bonds...corporations that pay the minimum tax, because depreciation...preference item ...
- Clinton ready to ease AMT, Treasury tax official says.(alternative minimum tax,...
- Magazine article from: The Bond Buyer Pryde, Joan Canan, Martha M. May 4, 1995 700+ words
...easing the alternative minimum tax, but may not be willing to end the AMT's application to...On the alternative minimum tax, Samuels told the...committee that the AMT could be eased by...of bonds under the AMT or the broader issue...completely repeal the minimum ...
- To praise the AMT or to bury it.(alternative minimum tax)
- Magazine article from: Virginia Tax Review Goldberg, Daniel S. March 22, 2005 700+ words
...INTRODUCTION The alternative minimum tax (AMT) has recently become...to the Alternative Minimum Tax on individuals by repealing the individual AMT." (3) The AMT...incarnation, the AMT was an "add-on" minimum tax; its structure provided...
- What killing the corporate AMT could mean.(alternative minimum tax)
- Magazine article from: The Bond Buyer Birger, Jon Heap, Peter April 13, 1995 700+ words
...corporate alternative minimum tax could be a boon to...limits tax exemption, AMT forces issuers to...particularly affected by AMT because as cash...corporate alternative minimum tax would be good news...corporate alternative minimum tax is repealed, according...Ending ...
- The AMT may be tricky, but AMT bonds are a good value.(alternative minimum tax)
- Magazine article from: The Bond Buyer Birger, Jon February 14, 1996 700+ words
...before calculating alternative minimum tax. In essence, AMT ensures that taxpayers who enjoy...municipal bond investors are subject to AMT. Alternative minimum tax is calculated by multiplying the AMT tax rate -26% or 28%, depending...
- The individual AMT: problems and potential solutions.(alternative minimum tax )
- Magazine article from: National Tax Journal Burman, Leonard E. Gale, William G. Rohaly, Jeffrey Harris, Benjamin H. September 1, 2002 700+ words
...liability. Although the original minimum tax and its successor, the individual alternative minimum tax (AMT), have historically had limited...the existence of some form of minimum tax, the existing AMT is difficult to justify formally...
- The small business AMT exception. (alternative minimum tax)
- Magazine article from: The Tax Adviser Karlinsky, Stewart S. July 1, 1998 700+ words
...exempting them from alternative minimum tax (AMT) if the new rules are met. These...corporations seeking to qualify for the AMT exemption. The Taxpayer Relief...change to the corporate alternative minimum tax (AMT) system as it affects small businesses...
Source: HighBeam Research, Liberals are complaining so much about the Alternative Minimum Tax,...