The tax laws provide tax benefits for certain kinds of income and allow special deductions and credits for certain kinds of expenses. The alternative minimum tax (AMT) attempts to ensure that anyone who benefits from these tax advantages pays at least a minimum amount of tax.
The AMT is a separately figured tax that eliminates many deductions and credits, thus increasing tax liability for an individual who would otherwise pay less tax. The tentative minimum tax rates on ordinary income are percentages set by law. For capital gains and certain dividends, the rates in effect for the regular tax are used.
You may have to pay the AMT if your taxable income for regular tax purposes plus any adjustments and preference items that apply to you are more than the AMT exemption amount. The exemption amounts are set by law for each filing status and are listed in the Form 6251 Instructions.
고소득층이 여러가지로 tax deduction 을 하게되면 세금을 적게 낼 수가 있읍니다. 그걸 방지하기 위해 만든 것인데, 요새는 부부가 같이 벌고 모게지가 있어도 amt를 계산하는 경우가 있읍니다. 해당이 되셨나요?
