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Daily Archives: August 31, 2011

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What’s AMT and How Does It Affect Me? – August 2011 Newsletter

TaxBy Bluerock Wealth ManagementAugust 31, 2011Leave a comment

Alternative minimum tax (AMT) was originally created 40 years ago to capture tax on the most wealthy of Americans who were avoiding paying taxes via various tax shelters and schemes. It was broadened to its current form in the 1980s under President Reagan. AMT is based on a parallel tax calculation that computes tax liability…

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