Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:abbreviation |
gptkb:AMT
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:affects |
taxpayers with high deductions
taxpayers with high exemptions |
| gptkbp:appliesTo |
corporations
individuals |
| gptkbp:calculationMethod |
parallel to regular income tax
|
| gptkbp:category |
gptkb:tax_law
gptkb:United_States_federal_income_tax |
| gptkbp:country |
gptkb:United_States
|
| gptkbp:exemptionPhaseOut |
at higher incomes
|
| gptkbp:hasExemptionAmount |
yes
|
| https://www.w3.org/2000/01/rdf-schema#label |
Alternative Minimum Tax
|
| gptkbp:introducedIn |
1969
|
| gptkbp:notableFor |
limits use of certain tax benefits
|
| gptkbp:publicLawNumber |
gptkb:IRS_Form_6251
|
| gptkbp:purpose |
ensure minimum tax payment
|
| gptkbp:reformed |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:requires |
add back certain credits
add back certain deductions add back certain exemptions |
| gptkbp:taxStatus |
28%
26% |
| gptkbp:bfsParent |
gptkb:IRS_Form_6251
gptkb:United_States_taxpayers gptkb:Public_Law_112-240 |
| gptkbp:bfsLayer |
6
|