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Accounting > Alternative Minimum Tax (AMT)
The following information is about Alternative Minimum Tax (AMT).
Alternative Minimum Tax (AMT) Defined
Tax imposed to back up the regular income tax imposed on CORPORATION and individuals to assure that taxpayers with economically measured income exceeding certain thresholds pay at least some income tax.
This definition is in context to Accounting. See more contextual defintions for Alternative Minimum Tax (AMT).
Bailout revival sought, with better deposit safety
Published October 10, 2008, 2:59 am, The Daily American
WASHINGTON — In a surprise move to resurrect President Bush’s $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday — but added a tax cut plan already rejected by the House.
Savvy Consumer: Deadline next week to file for stimulus check this year
Published October 9, 2008, 10:05 pm, Fort Worth Star-Telegram
More than 316,000 senior citizens and veterans in Texas, including 18,720 in Tarrant County and 28,800 in Dallas County, have yet to file for their stimulus checks, according to the Internal Revenue Service.
Rescue Bill Passes, with $3B in New Debt
Published October 8, 2008, 7:55 am, Financial Planning.com
The second time was the charm for House members Friday, as they reversed Monday's defeat of the $700 billion financial rescue package, which included more than $3 billion in new bond authorizations, and approved it by a vote of 263 to 171.
Candidates' tax plans affected by economy
Published October 8, 2008, 1:17 am, Daily Journal
NEW YORK -- Hovering over proposals to lower taxes from the two presidential campaigns this year is the faltering economy.
Candidates' tax plans will be affected by economy
Published October 7, 2008, 10:17 pm, The Standard-Times
NEW YORK — Hovering over proposals to lower taxes from the two presidential campaigns this year is the faltering economy. Both Sens. John McCain and Barack Obama promise various tax changes, but shaky markets, looming budget deficits and the huge...
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Published October 7, 2008, 9:06 pm, WebCPA
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Candidates' tax plans will be affected by economy
Published October 7, 2008, 1:39 pm, AP via Yahoo! Finance
Hovering over proposals to lower taxes from the two presidential campaigns this year is the faltering economy. Both Sens. John McCain and Barack Obama promise various tax changes, but shaky markets, looming budget deficits and the huge Wall Street bailout made law on Friday may limit what can be accomplished, no matter who wins the election.
Handing the keys to the asylum to the inmates
Published October 4, 2008, 10:55 pm, Hutchinson News
If I were in Congress, I'd hold out. Every representative who voted no on the bailout got something ...
Bailout heads for Senate win; House foes soften
Published October 4, 2008, 10:17 pm, Corvallis Gazette-Times
WASHINGTON (AP) — After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, speeding toward passage in the Senate and gaining ground in the House where conservative opposition seemed to soften.
Bailed out
Published October 4, 2008, 12:27 pm, The Record
The Securities and Exchange Commission began reviewing accounting rules that many critics said were fueling the credit crisis. Also, the Senate increased the limit on bank deposit insurance from $100,000 to $250,000 and tacked on two bills that were likely to pass before Congress adjourned.
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Off-site Alternative Minimum Tax (AMT) Links, User Submitted
The following links have been collected through user bookmark submission in the Alternative Minimum Tax (AMT) category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Tue Feb 5
- What Do the New AMT (Alternative Minimum Tax) Rules Mean for You?: common sense explanation of new tax rules for 2007 income taxes cuts to the chase and easy to understand
Fri Dec 28
Wed Dec 26
- Bush signs $555 billion spending bill - Yahoo! News: Bush also signed into law a bill that Congress passed just before the holiday recess, placing a one-year freeze on the alternative minimum tax.
Wed Nov 28
- No AMT Fix Could Mean 50 million delayed Tax Refunds: Congress lack of movement on this issue is just ridiculous. A law that was created to guarantee 155 families payed taxes could snare as many as 24 million tax payers this year.
Tue Nov 20
Sun Nov 18
- Video: AMT: Senate Democrats are failing to respond to the massive increase in middle-class taxpayers hit by the Alternative Minimum Tax (AMT) this year. More than 20 million more taxpayers will be subject to the AMT without Congressional action.
Fri Nov 16
- Democrats' ATM, The AMT: The Alternative Minimum Tax was originally enacted by a Democratic Congress in 1969, in order to... tax liability altogether. But the high income threshold at which the tax is tr
- With Key IRS Deadline Looming Tomorrow, Democrats Set to Delay Tax Refunds: Indeed, when the American people looked to Congress to complete even this simplest of tasks -- enacting a patch that has been routinely enacted every year -- the Majority leadership has completely and utterly failed to get the job done.
Wed Nov 14
- NRSC Chairman John Ensign Fights Backdoor Middle-Class Tax Hike: ... his proposal to eliminate a backdoor tax increase for many middle-class families -- called the Alternative Minimum Tax (AMT) -- and to stop the Democrat'
- NRSC Chairman Wants To Make Taxes Big '08 Issue: NRSC Chairman John Ensign (R-Nev.) says taxes will be a big issue for Republicans in 2008 and is proposing an AMT fix to rival Rep. Charles Rangel's "mother of all tax reforms" to show the difference between the parties.
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