Research Report Alternative Minimum Tax, Personal
From The Encyclopedia of Taxation and Tax Policy
David Weiner
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The personal alternative minimum tax (AMT) requires individuals to calculate their income tax a second way, different from the regular income tax. Separate tax rates and definitions of taxable income apply in each of these tax systems. This article explores the history and justification for the AMT, as well as the treatment of tax preferences in the AMT.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Individual taxes Income and wealth distribution
Policy Centers Income and Benefits Policy Center