alternative minimum tax

English

Noun

alternative minimum tax (countable and uncountable, plural alternative minimum taxes)

1. (US, finance) A tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts, originally designed to tax high-income taxpayers who used the regular tax system to pay little or no tax.

   Synonym: (initialism) AMT

Related terms

• AMTI