Sentence examples for regular tax system from inspiring English sources

Under the A.M.T., the definition of income is more inclusive than it is for the regular tax system, and certain deductions are denied.

The couple's total federal tax bill under the existing, regular tax system would have been $48,300, $8,100 less than the A.M.T. tax due.

Higher-income individuals generally need to run two calculations when they are doing their federal taxes, one under the regular tax system and another using the A.M.T.

The alternative minimum tax, as Mrs. Hukkanen Campbell learned, traps people by reducing breaks allowed in the regular tax system and then taxing the remaining income at either 26percentt or 28percentt.

And unlike the regular tax system, the AMT regime doesn't index the exemption or the brackets for inflation.

First, you figure your tax liability under the regular tax system, which factors in preferential treatment of some income and allows tax credits for certain types of expenses.

The study found that 97percentt of families with two children and income of $75,000 to $100,000 would be forced off the regular income tax system by 2010.

His latest analysis shows that in 2010 more than 90percentt of families with three or more children and income of $100,000 or more will pay more in taxes under the A.M.T. than under the regular income tax system.

That's because the amount they owe under the regular income tax system, while higher under Mr. Obama's plan, may not push them out of A.M.T. territory, he said.

Charitable gifts are fully deductible under both the regular and alternative tax systems.

They said business owners and their lawyers must now evaluate interactions between the regular and alternative tax systems, some of which may not occur until years after a deal is made.