Alternative Minimum Tax (ATM) : a tax designed to to prevent wealthy investors from using tax shelters to avoid other (income) taxes. The calculation of the AMT takes into account tax preferences. See also: Tax Preference Item.
Tax Preference Item: An item that is typically deductible for federal income tax purposes, but nonetheless is included in the calculation of the alternative minimum tax.
Advertisement
This Is The Best Offer We’ve Ever Tested All Time.
Resurge is the world’s first and only anti-aging nutritional protocol that targets the true cause of unexplained weight gain, stubborn belly fat and metabolic slowdown.
Advertisement
Learn more about finance terms at Investopedia
0 Comments