This is another whopping 193,000 Nassau and Suffolk County dwellers paying AMT in 2006. It is clear that actions must be done to regulate this old act, and to help relieve the stress of the tax payers.
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EK 21 - Macroeconomics Professor Bockino Alternative Minimum Tax (AMT) The Alternative Minimum Tax was originally designed at targeting wealthy persons with crafty tax advisors or a plethora of tax exemptions. What it is, is an alternative tax calculation providing income tax. When this number is calculated (The AMT) you compare your regular income tax and the newly derived AMT...
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