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Topic: AMT


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  Alternative Minimum Tax - Wikipedia, the free encyclopedia
The AMT affects taxpayers who have what are known as "tax preference items." These include long term capital gains, accelerated depreciation, percentage depletion, and certain tax-exempt income, which are all considered to have favorable tax treatment and could trigger the alternative minimum tax.
The AMT disportionately affects those who live in wealthier areas with higher cost of living and areas with higher state and local taxes, areas which are primarily represented by Democrats.
Thus, many Democrats favor a tax reform of the AMT which would benefit primarily those who would be objectively viewed as wealthy by the standard of the country as a whole or their incomes, although they only live a middle class lifestyle.
en.wikipedia.org /wiki/Alternative_Minimum_Tax   (1381 words)

  
 FPA Journal - February 2005 - The AMT: Pitfalls and Solutions
He argued the AMT was intended to apply only to wealthy taxpayers, but the court could not disregard the statutory provisions of the Internal Revenue Code.
The mechanical application of the AMT rules required disallowance of the legal fees as a miscellaneous itemized deduction even though it was arguably unfair to tax the punitive damages and at the same time disallow expenses incurred in generating that income.
If a person was paying the AMT in 2002, he or she would probably still be paying the AMT in 2003, but the total tax would be less.
www.fpanet.org /journal/articles/2005_Issues/jfp0205-art8.cfm   (4667 words)

  
 Thornburg Articles - The Alternative Minimum Tax
The AMT was originally created in 1969 to prevent taxpayers in the highest income tax brackets from avoiding federal income tax altogether through abuse of exemptions and deductions; it’s a separate tax computation that eliminates many of these deductions and exemptions and counts interest received from certain tax-exempt bonds as taxable income.
Private-purpose AMT bonds have little appeal to an investor who faces the tax for even a short period, since he or she may be subject to either a 26% (on the first $175,000 of income) or 28% tax (on all income over $175,000) on the interest income.
AMT bonds are issued with a certain discount attached, as those issuers understand that investors demand to be paid higher yield in return for the possibility of being subject to tax.
www.thornburginvestments.com /research/articles/AMT.asp   (1228 words)

  
 AMT | CESAR
Alpha-methyltryptamine (AMT) is a stimulant hallucinogen that has recently been emerging in the club and rave scene.
For a short period during the 1960s, AMT was sold as an antidepressant in the Soviet Union.
AMT is most often found in a crystalline powder form with an off-white or orange hue.
www.cesar.umd.edu /cesar/drugs/amt.asp   (277 words)

  
 AMT - Legal Disclaimer
AMT is authorised and regulated by the The Financial Services Authority ("FSA") for the conduct of investment business in the United Kingdom.
AMT does not guarantee that any of the information on the web site is necessarily accurate, current, verified or complete.
AMT may from time to time maintain long or short positions in metals, warrants, currency or other commodities or investments or related futures option or contracts for differences referred to on the web site or as market maker or broker dealer buy, sell or otherwise deal in any of the foregoing.
www.amt.co.uk   (791 words)

  
 Key Points on the Alternative Minimum Tax   (Site not responding. Last check: 2007-10-22)
The AMT grew out of a minimum tax that was first enacted in 1970 after it was revealed that some high-income households had paid no income taxes in prior years.
If the AMT had been indexed when the regular income tax was and had the 2001 tax cut not been enacted, only about 300,000 households would face the AMT in 2010.
If the AMT exemption increase were extended and indexed so that only 5 million people faced the AMT in 2014 (compared to 3 million in 2003), then making the 2001 tax cuts permanent would reduce revenues by $435 billion in 2014.
www.brookings.edu /views/op-ed/gale/20040121amt.htm   (1257 words)

  
 AMT Sample Business Plan
AMT is built on the assumption that the management of information technology for business is like legal advice, accounting, graphic arts, and other bodies of knowledge, in that it is not inherently a do-it-yourself prospect.
AMT is a 10 year-old computer reseller with sales of $7 million per year, declining margins, and market pressure.
AMT serves its clients as a trusted ally, providing them with the loyalty of a business partner and the economics of an outside vendor.
www.morebusiness.com /templates_worksheets/bplans/amt2.brc   (4353 words)

  
 Sample Marketing Plan
AMT focuses on small business in the local market, with special focus on the high-end home office and the 520unit small business office.
This segment is not who AMT wishes to sell to; our marketing focus consists of professionals and entrepreneurs who maintain a full-time office.
AMT will change its focus to differentiate itself from box pushers and improve the business by filling the real need of small business and high-end home office for reliable information technology including hardware, software, and all related services.
www.morebusiness.com /templates_worksheets/bplans/printpre.brc   (2646 words)

  
 Alternative Minimum Tax 101
Some things that can contribute to AMT liability are mundane items that appear on many tax returns, such as a deduction for state income tax or interest on a second mortgage, or even your personal and dependency exemptions.
If you have some AMT credit available from a prior year, you have to determine how much of the credit you can use in the current year.
You don't have to pay AMT because your regular tax is higher than the tax calculated under the AMT rules.
www.fairmark.com /amt/amt101.htm   (1164 words)

  
 Stock Options and the Alternative Minimum Tax (AMT)
The AMT was enacted to prevent higher-income taxpayers from paying too little tax because they were able to take a variety of tax deductions or exclusions (such as the spread on the exercise of an ISO).
One way to deal with the AMT trap would be for the employee to sell some of the shares right away to generate enough cash to buy the options in the first place.
Moreover, the real cost of the AMT is not the total amount paid on this tax but the amount by which it exceeds ordinary taxes.
www.nceo.org /library/amt.html   (1602 words)

  
 Aspect Mining Tool - Jan Hannemann 2001
AMT consists of two rather independent programs: the analyzer and the visualizer.
Since the line-oriented view of AMT is a "flat" one (no hierarchy information), class and package hierarchies are created that allow for additional orientation.
AMT was developed by Jan Hannemann at the University of British Columbia.
www.cs.ubc.ca /~jan/amt   (1076 words)

  
 AMT FAQ   (Site not responding. Last check: 2007-10-22)
AMT was available in the 60's in the Soviet Union in 5 and 10mg
Prescription AMT from the Soviet Union in the 60's was known as Indopan.
AMT is a research chemical, and not much is known about it's safety and long-term effects.
drugs.compholio.com /amt_faq.html   (1665 words)

  
 AMT imbalances - The Washington Times: Commentary - May 05, 2004   (Site not responding. Last check: 2007-10-22)
For example, if someone put all their money into tax-exempt municipal bonds, the AMT forced them to pay federal income taxes, even though the tax-exempt status of municipal bonds was created intentionally to subsidize local governments.
In 1986, largely at the behest of Democrats, the AMT was broadened into its present form.
Indeed, some analysts have taken to calling the AMT the "Blue-State Tax," since most of the states hit hardest by the AMT are those where the Democratic Party is strongest; i.e., those that voted for Al Gore in 2000.
www.washtimes.com /commentary/20040504-091109-9432r.htm   (811 words)

  
 House passes AMT relief - Dec. 7, 2005
People must pay the AMT only if their tax liability under the AMT system is higher than it is under the regular income tax code.
The House's AMT bill is separate from a $56 billion tax bill for 2006, which House lawmakers are expected to vote on Thursday.
AMT relief has broad bipartisan support, but the separate House bill is a concern for Democrats, according to a report in Congress Daily and Heather Bennett, editor in chief of Tax Analysts' federal publications.
money.cnn.com /2005/12/07/pf/taxes/house_amt   (859 words)

  
 The AMT Is Coming to Get You
The alternative minimum tax, or AMT, was created more than 30 years ago to ensure that the super rich paid their fair share of taxes.
The AMT was designed to ensure that everyone's "effective," or average, tax rate is comparable -- well, somewhat comparable.
Now, though, because the calculation hasn't been materially adjusted ever, the AMT is creeping downward, and instead of simply targeting America's extremely wealthy, it's also hitting those that are merely, er, very wealthy.
www.thestreet.com /funds/beverlygoodman/10105036.html   (282 words)

  
 Erowid AMT Vault
AMT is a long-acting, synthetic psychedelic and euphoric stimulant known for causing nausea and vomiting.
It was first developed in the 1960s and remained very uncommon until the 1990s when it experienced a surge in popularity and was scheduled (made illegal) in April 2003.
AMT and 5-MeO-AMT, resulting in unpleasant and/or dangerous overdoses.
www.erowid.org /chemicals/amt/amt.shtml   (159 words)

  
 AMT Powerboats - Home   (Site not responding. Last check: 2007-10-22)
AMT Powerboats offers a state of the art, high performance 30' catamaran in both a canopied race/poker run or open sport deck model.
The AMT was one of the first hulls to be computer designed and plug CNC machined for a true uniformed running surface.
The AMT can be powered with a variety of Mercury outboard motors.
www.amtpowerboats.com   (131 words)

  
 The Perfect Target for Tax Reform: The Corporate AMT   (Site not responding. Last check: 2007-10-22)
The corporate AMT is calculated using a different set of rules than the regular corporate income tax, and it applies a 20 percent tax rate to an alternative definition of taxable income.
If those who favor reform, rather than elimination, of the corporate AMT really believe that firms avoid paying their fair share in income taxes by taking advantage of a host of deductions and tax credits, they should be willing to eliminate those deductions and credits from the tax code.
The problem is that the corporate AMT does this inefficiently, in terms of compliance and enforcement costs, and in a way that penalizes firms that have a high ratio of capital investment to profits.
www.heritage.org /Research/Taxes/wm719.cfm   (1529 words)

  
 AMT - Wikipedia, the free encyclopedia
AMT or amt, a three-letter abbreviation, may refer to:
Amt, an administrative unit in several European countries
AMT, the National Rail code for Aldermaston railway station
en.wikipedia.org /wiki/Amt   (188 words)

  
 Applied Microphone Technology - microphones for piano, trombone, saxophone, clarinet, guitar, trumpet, violin, ...
AMT microphones always reproduce sound the way the musician intends it to be heard.
The AMT goal is pristine reproduction of the individual voice of the instrument: Each AMT microphone is designed for the instrument and never compromises the sound for sake of convenience.
AMT guarantees the freedom to perform in confidence, while allowing the performer to sound the way he hears himself.
www.appliedmic.com   (609 words)

  
 AMT will hit 15 million more in 2006
The AMT is assessed at 26 to 28 percent of income after a certain exemption and allowing for very few deductions, which is how it's supposed to nab the tax-dodging millionaires.
A large capital gain reduces or eliminates the AMT exemption amount, which is meant to protect low-income earners from the alternative tax.
The AMT provides reduced tax benefits for investments in certain types of partnership or limited liability company arrangements involving activities such as drilling for gas or oil (source: Fairmark Press).
www.freerepublic.com /focus/f-news/1540351/posts   (4484 words)

  
 Tax tip: Beware the complicated and costly AMT (Page 1 of 2)
Commonly referred to as the AMT, this tax has its own set of rates (26 percent and 28 percent) and requires a separate computation that could substantially boost your tax bill.
The AMT was designed in 1969 to ensure that wealthy taxpayers didn't use loopholes to escape paying their fair share of taxes.
Four million people paid AMT in 2005 and, without changes to the system, the AMT will ensnare almost 22 million taxpayers this year and 52 million by 2015.
www.bankrate.com /brm/itax/tips/20010412a.asp   (596 words)

  
 Aurora Medical Team - Explorer Post 525
AMT is a volunteer youth and adult group.
AMT is part of the Learning for Life program (Exploring).
AMT is sponsored by the Front Range Direction Finders, a Search and Rescue team.
www.auroramedteam.org   (354 words)

  
 The Alternative Minimum Tax (Tax Guide: Personal Finance)| SmartMoney.com
While the "regular" tax brackets, exemptions and standard deductions are adjusted annually for inflation, the AMT brackets and exemptions are not, so many people whose income has grown with the economy enter the dreaded AMT zone each year.
After the exemption (if any) has been deducted, the result is subject to AMT rates — 26% on the first $175,000 ($87,500 for married couples filing separately) and 28% on the excess.
Again, the AMT brackets are not adjusted for inflation, which causes much greater exposure to the tax as the years go by.
www.smartmoney.com /tax/filing/index.cfm?story=amt   (1280 words)

  
 Welcome
For all these regular and occasional users, our Web site is intended to simply and effectively reflect the dynamic efforts made by AMT and the public transit companies to offer quality service that is well adapted to the needs of citizens and visitors to our metropolitan area.
AMT plans, integrates and coordinates actions related to public transit across the metropolitan area.
Thus, AMT acts as a unifying force, even a catalyst, with the metropolitan stakeholders.
www.amt.qc.ca /english/welcome.asp   (204 words)

  
 Aviation Microjet Technology
AMT USA designs and manufactures small gas turbines for the propulsion of radio controlled flying aircraft for hobby, research, education projects at universities, and military applications all over the world.
AMT USA is totally committed to the continual development of the efficiency and safety of the miniature gas turbine engines and their associated equipment.
AMT USA's engineers have re-worked the old style AT 400 making it the best engine in its class.
www.usamt.com   (274 words)

  
 AMT Touch screen, Touch panel, Touch drivers, Touch LCM, AMT, Kiosk, Industrial computer
AMT is committed to manufacturing the best quality touch screen components, controllers and drivers available.
As a top provider in the field, AMT offers customers a comprehensive array of available touch screen technology, using only the best materials and exacting standards of quality assurance.
AMT provides all customers with as much support as needed during the product design stage, offering our accrued expertise in the development of combined touch screen / controller / driver solutions, as well as fast and effective troubleshooting and root cause diagnosis.
www.amtouch.com.tw   (286 words)

  
 Althouse: "As my tax professor stated, it's Turbotax that is allowing the AMT to remain."   (Site not responding. Last check: 2007-10-22)
I feel bad about the federal tax for having the AMT and bad about the state taxes for being so high in the first place and for being the reason I owe so much on the AMT.
In which case, I really ought to use Turbotax, not only to avoid the aggravation of witnessing the AMT grinding out the extra thousands, but so that I won't irrationally blame the federal government for doing something that is actually fair.
The AMT itself is less complicated than the regular taxes.
althouse.blogspot.com /2005/04/as-my-tax-professor-stated-its.html   (934 words)

  
 Technorati Tag: amt
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AMT Pumps With over two million in stock, pumpcatalog.Com is an easy, comprehensive pump source.
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www.technorati.com /tag/amt   (435 words)

  
 5-MeO-AMT Fast Facts
Abused for the hallucinogenic effects it produces, 5-MeO-AMT belongs to a class of chemical compounds known as tryptamines.
Other hallucinogenic tryptamines include AMT (alpha-methyltryptamine), 5-MeO-DIPT (5-methoxy-N,N-diisopropyltryptamine, also known as foxy), psilocybin, and psilocyn.
It is an analog of 5-MeO-DIPT and AMT, which are Schedule I drugs under the Controlled Substances Act.
www.usdoj.gov /ndic/pubs9/9576   (380 words)

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