Alternative Minimum Tax

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
AMT
Pronunciation
/ɔlˈtərnətɪv ˈmɪnəməm tæks/
Category
Business
Related Field
Accounting

Examples in Context

  1. The alternative minimum tax ( AMT ) was designed to make sure that high-income taxpayers who heavily utilize tax shelters would pay at least some federal income tax.
  2. The plan also creates a new alternative minimum tax ( initially 16 %, rising to 19 % ) on firms.
  3. The formation of a parallel with the general income tax structure was done when the Alternative Minimum Tax(AMT) ( AMT ) approved.

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