ALTERNATIVE MINIMUM TAX(AMT)


Meaning of ALTERNATIVE MINIMUM TAX(AMT) in English

A federal tax aimed at ensuring that wealthy individuals, estates, trusts , and corporations pay a minimal level income tax . For individuals, the AMT is calculated by adding adjusted gross income to tax preference items .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.