alternative minimum tax

/AO0 L T ER1 N AH0 T IH0 V M IH0 N AH0 M AH0 M T AE0 K S/
noun
  1. 1

    (US, finance) A tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts, originally designed to tax high-income taxpayers who used the regular tax system to pay little or no tax.

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