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M1MTC Alternative Minimum Tax Credit M1MTC Alternative Minimum Tax Credit  Form

M1MTC Alternative Minimum Tax Credit M1MTC Alternative Minimum Tax Credit Form

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whether you know it or not there's two tax systems and a tax software as well as your accountant competes both every single year hey Andy Joe Big Al can you please explain the Alternative Minimum Tax who pays it I found it confusing and would like to hear your take this is Smitty from The Villages Alternative Minimum Tax AMT so the idea is that there's an alternative tax system that was developed or we came up with that Iris came up with that in the 50s or 60s something like that when certain wealthy taxpayers weren't quote paying their fair share because they were loading up on tax deductions and the government didn't like that so they came up with this alternative tax which basically is this everything that's income in the regular tax system is still income in the alternative and some some things that even aren't income like incentive stock option exercise is income in the Alternative Minimum Tax world so your income in the alternative world is either the same or higher than it would

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