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Under the AMT rules, a taxpayer was required to recalculate his or her tax bill by adding such preference items back onto income and computing a new tax--albeit one lower than the then-current 70% top bracket--on the new total.
As we've seen, no form of computing ever quite goes away when a new one comes along.
"A new one?
Or a new one anyway?
Come up with a new one?
A new one has just arrived.
Should I just get a new one?
Later, a new one was set up.
A new one is being written now.
What do you mean, a new one?
A new one is under review.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com