Calculating the Alternative Minimum Tax: CNBC Explains

Published Thu, Jun 16 2011 9:30 AM EDTUpdated Fri, Sep 13 2013 4:33 PM EDT

CNBC Explains

The Alternative Minimum Tax, also known as the AMT, is a portion of the US. tax code that affects high-earning individuals who lower their tax payments through deductions. However, the AMT is a tricky part of American taxation. Want to know how it's calculated? Salman Khan of the demonstrates.

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