America’s income tax policy uses a graduated system designed to ensure that high earners pay a larger percentage of their income than those with lower incomes. However, some high-income taxpayers also ...

The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...