The alternative minimum tax system requires taxpayers to apply an alternative tax rate on the regular income tax base to determine the amount of the alternative minimum tax.Taxpayers make several "plus" and "minus" adjustments to regular taxable income to compute alternative minimum taxable income (AMTI) .

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The alternative minimum tax (AMT) system requires taxpayers to apply an alternative tax rate on the alternative minimum taxable income (AMTI), not the regular income tax base. AMTI is calculated by making adjustments to the regular taxable income.

The Alternative Minimum Tax System Requires Taxpayers to Apply an Alternative