The alternative minimum tax, or AMT, runs parallel to our regular tax system. It’s essentially a second method for calculating a taxpayer’s bill. It applies to people whose income exceeds certain levels and is intended to close the loopholes that allow them to reduce or eliminate their tax...
TAX planningThis article provides a general overview of the proposed changes to the current alternative minimum tax regime announced in the 2023 federal budget, highlights their impact on high-income clients, and discusses practical planning considerations to mitigate unfavourabl...
What is the Alternative Minimum Tax? The AMT is a parallel tax system that operates in the shadow of the regular tax system, expanding the amount of income that is taxed by adding items that are not normally taxed and disallowing many deductions under the regular tax system . To figure o...
The meaning of ALTERNATIVE MINIMUM TAX is a U.S. federal income tax that was originally imposed to prevent wealthy taxpayers from using tax shelters to avoid paying taxes, that excludes many deductions and exemptions allowed in computing regular tax liab
alternative minimum tax_金融行业词汇 可供选择的最小税收 选择性最低税 alternative minimum tax词源英文解释 The first known use of alternative minimum tax was in 1958 alternative minimum tax 例句 1.That is because of the alternative minimum tax, which is designed to create a base tax rate for al...
alternative minimum tax 美 英 网络替代性最低税;最低税负制;替代最低收入税收抵免 英英 网络释义 n. 1. a form of federal income tax that applies to some taxpayers with disproportionate amounts of tax-advantaged income or excessive deductions ...
alternative minimum tax【经】 可选择的低额税 alternative tax代用税 alternative to…的替换物 as an alternativeas an alternative to sth/doing sth 作为...的替换 an alternative to ...的代替物 no alternative别无选择 an alternative ton. 是…的替代物,可以代替 tax onn.征税...
Alternative Minimum Tax在国内常被翻译为“替代最小赋税”。该词常缩写作AMT。 替代最小赋税税法条款确保个人和公司会付一些所得税,不管他们有多少扣抵或信用额度。在AMT之下,特定的金钱通常不得被视为应扣税的所得,例如通常为可抵税所得的总合,或者是免税债券的所得,都会被视为是缴税的。 替代性最低税是基于...
Beginning in 2023, the United States will apply a 15% corporate alternative minimum tax (CAMT). The CAMT applies to corporations with average annual adjusted book income over $1 billion for a period of three consecutive years. Corporations must determine their CAMT liability and their regular corp...
There are two alternative minimum tax rates, 26% and 28%. For 2023, the 28% rate applies to the excess alternative minimum taxable income of $220,700 or more for all taxpayers ($110,350 for married couples filing separate returns). For 2024, the 28% rate applies to the excess alternati...