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What is AMT?

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Dan  Hendricks
Business Owner
Posted on Oct. 14, 2010
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Alternative Minimum Tax, or AMT, is a federal tax system that was created to ensure that wealthy peoples pay a minimal income tax. AMT will generally be set into effect when a person has numerous personal tax exemptions for state and local taxes, if the have Incentive Stock Option plans (ISO) or if they have medical expenses or itemized deductions.

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