You know what it looks like… but what is it called?
TAKE THE QUIZ“minimum tax”
We have one entry that includes the term minimum tax.
alternative minimum tax
noun: a U.S. federal income tax that was originally imposed to prevent wealthy taxpayers from using tax shelters to avoid paying taxes, that excludes many deductions and exemptions allowed in computing regular tax liability, and that must be paid instead of the regular tax liability by individuals and businesses whose alternative minimum tax liability is greater than their regular tax liability
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Merriam-Webster unabridged
