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Glossary > A > "Alternative minimum tax" Definition

Alternative minimum tax

A tax which targets high wealth individuals to pay a minimum amount of tax. The tax is calculated on the sum of adjusted gross income and tax preference items less exemptions.

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Alternative minimum tax - A tax which targets high wealth individuals to pay a minimum amount of tax. The tax is calculated on the sum of adjusted gross income and tax preference items less exemptions.

Alternative minimum tax : a tax which targets high wealth individuals to pay a minimum amount of tax. the tax is calculated on the sum of adjusted gross income and tax preference items less exemptions.