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alternative minimum tax

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Issue:

History

 

Written by:

Richard L

 

Date added:

February 25, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 301

 

Was viewed:

9578 times

 

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Essay content:

If the AMT is higher then your regular income tax you're paying, you're required to make up the difference in tax dollars thus paying an AMT tax. The idea behind the AMT is great, but for various reasons more and more people are being required to pay AMT with lower salaries. It was reported that in the year of 2000, 1...
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It was reported that in the year of 2000, 1.3 million people paid AMT. This was a huge spike comparatively to the number of individuals that paid AMT only 10 years ago (132,000). Although Congress is trying to figure out ways to balance and regulate the AMT the number of individuals expected to pay AMT is on the rise...
displayed 300 characters

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