The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Marginal taxation systems like the U.S. federal income tax system increase the percentage of income owed to taxes as a taxpayer’s income increases. There are seven income brackets. Your marginal tax ...

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What Is Long-Term Capital Gains Tax? When an individual taxpayer sells a capital asset, they are assessed tax on the profit between the cash received on that sale and the price paid. Investors ...