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  2. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges.

  3. Tax Reform Act of 1969 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1969

    The Tax Reform Act of 1969 (Pub. L. 91–172) was a United States federal tax law signed by President Richard Nixon in 1969. Its largest impact was creating the Alternative Minimum Tax, which was intended to tax high-income earners who had previously avoided incurring tax liability due to various exemptions and deductions.

  4. What Is the Alternative Minimum Tax and Will It Cost You Big ...

    www.aol.com/alternative-minimum-tax-cost-big...

    Alternative Minimum Tax Exemptions. Filing Status. 2020 . AMT Exemption. Phaseout Begins. Single/Head of Household. $72,900. $518,400. Married Filing Jointly

  5. How Trump and Republicans could pay for new tax cuts - AOL

    www.aol.com/trump-republicans-could-pay-tax...

    The individual taxes that could be toggled up or down range from the Global Intangible Low-Taxed Income (GILTI) to an alternative minimum tax for corporations that was recently implemented by ...

  6. American Taxpayer Relief Act of 2012 - Wikipedia

    en.wikipedia.org/wiki/American_Taxpayer_Relief...

    For the tax year 2013, some taxpayers experienced the first year-to-year income-tax rate increase since 1993, although the rate increase came about not as a result of the 2012 Act, but as a result of the expiration of the Bush tax cuts. The new rates for income, capital gains, estates, and the alternative minimum tax would be made permanent. [3 ...

  7. What's the Alternative Minimum Tax and Who Pays It? - AOL

    www.aol.com/news/whats-alternative-minimum-tax...

    Nothing gets taxpayers fired up quite like the alternative minimum tax, commonly called the AMT. This year, the good news that is fewer taxpayers will have to grapple with the AMT when filing 2018 ...

  8. Predicted effects of the FairTax - Wikipedia

    en.wikipedia.org/wiki/Predicted_effects_of_the...

    The Fair Tax Act (H.R. 25/S. 122) is a bill in the United States Congress for changing tax laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax), payroll taxes (including Social Security and Medicare taxes), corporate taxes, capital gains taxes, gift taxes, and estate taxes with a national retail sales tax, to be levied once at the ...

  9. Alternative Minimum Tax: How It Works - AOL

    www.aol.com/finance/alternative-minimum-tax...

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