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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. [1] [2]
In May 2014, Quebec Premier Philippe Couillard announced in his inaugural speech his intention to review the AMT's mandate. In April 2015, Radio-Canada reported that the provincial government intended to replace the AMT with two organizations: one to plan; and one to operate trains, suburban buses and oversee the other transit operators. [5]
The IRS uses Form 6251 as the alternative minimum tax calculator. ... Alternative Minimum Tax Exemptions. Filing Status. 2020 . AMT Exemption. Phaseout Begins. Single/Head of Household. $72,900.
Exo, stylized as exo and officially known as Réseau de transport métropolitain (French pronunciation: [ʁezo də tʁɑ̃spɔʁ metʁɔpɔlitɛ̃], RTM; English: Metropolitan Transportation Network), is a public transport system in Greater Montreal, including the Island of Montreal, Laval (Île Jésus), and communities along both the North Shore of the Mille-Îles River and the South Shore of ...
To exercise all your shares, you will need to come up with $10,000, as well as likely a few thousand in AMT tax, depending on which state you live in and what your income is.
Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending March 31, 2018, the federal government collected just over three times more revenue from personal income taxes than it did from corporate income taxes .
Ditch the cable TV, fast-food lunches, and maybe even your car if possible, and you’ll find yourself money ahead (and maybe debt-free) in no time. 37 Things You Should Stop Paying for ASAP Skip ...
The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.