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amt

amt

9 9.9
A US rule that makes some people pay at least a minimum tax
  • noun
  • Specialized
translation icon : impuesto mínimo alternativo (AMT)
  • Many high-income earners are affected by the AMT, as it ensures they pay at least a minimum tax amount.
  • income exempt from AMT
  • subject to AMT

Examples

  • I think the AMT tax is a conundrum that has to be fixed.

    Blog text (25)

  • Sure, we could cut spending to offset lost revenues from an AMT fix.

    Blog text (24)

  • For this reason, the AMT is beginning to get more attention in the specialist press.

    Blog text (17)

  • There is nothing wrong with the AMT; 26% is a fair percentage.

    Blog text (24)

  • The only problem is that the income level that would trigger the AMT was never set to inflation.

    Blog text (1)

  • But most people who have a second home are in AMT and have sizable assets.

    Blog text (27)

  • Some taxpayers must calculate their tax liability twice: once under the "regular" method and again under the AMT method.

    Academic text (1993)

  • The alternative minimum tax (AMT) is one of the most hated features of the tax code.

    Blog text (13)

  • The AMT guards against high-income taxpayers avoiding tax through certain deductions and preferentially treated income.

    Academic text (1993)

  • If your income exceeds a certain threshold, you may need to calculate your taxes using the AMT to ensure compliance.

Surface Forms

amt singular
amts plural

Etymology

Amt here is short for Alternate Minimum Tax, a US tax rule that acts like a 'floor' to make sure some people pay at least a certain amount of tax.