I'm trying to understand a trading term. Specifically, I want to know what AMT stands for in the context of trading. Can someone clarify this for me?
7 answers
SumoStrength
Fri Oct 25 2024
The AMT operates independently of the regular income tax system and has its own set of rules and rates.
Elena
Fri Oct 25 2024
The Alternative Minimum Tax (AMT) is a tax system in the United States that ensures high-income individuals and corporations pay at least a certain amount of tax.
Carlo
Fri Oct 25 2024
It was introduced in 1969 to prevent wealthy taxpayers from using various deductions and credits to reduce their tax burden significantly.
SakuraSpiritual
Thu Oct 24 2024
BTCC, a top cryptocurrency exchange, offers a range of services to its clients. These include spot trading, futures trading, and a secure wallet for storing digital assets.
CryptoVanguard
Thu Oct 24 2024
Taxpayers must calculate their tax liability under both the regular income tax and AMT rules and pay the higher amount.