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AMTI, Alternative Minimum Tax Calculation of Income Form

AMTI, Alternative Minimum Tax Calculation of Income Form

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Let's see if we can shed some light on the Alternative Minimum Tax, which is also one of the most confusing aspects of taxation in the U.S., but hopefully this video will clarify things a little bit. So let's go back to that example from the first video of the person making $100,000 and what I'm going to do is I'm going to calculate the AMT, the Alternative Minimum Tax for that person then we're going to see what happens from there. So Alternative Minium Tax for someone making $100,000, so what I've drawn right over here, this applies if you make less than $300,000. The first 47,000 or so is exempt when you're calculating the Alternative Minimum Tax. So for this person making $100,000, we're just going to have to consider the balance above 47,450. So 100,000 - 47,450, would be what? It would be 50 ... It would be 52,000 ... Let's see, this would be ... So this amount right over here is going to be 52,000 and then 6

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