alternative minimum tax

noun

alternative minimum tax

noun
1

Business, Finance US A tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts, originally designed to tax high-income taxpayers who used the regular tax system to pay little or no tax.

Related terms
AMTI

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.