The alternative minimum tax applies to individuals only if it exceeds the taxpayer's regular income tax liability.

Name: The alternative minimum tax applies to individuals only if it exceeds the taxpayer's regular income tax liability.
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The alternative minimum tax (AMT) is designed to ensure that individuals pay at least a minimum amount of tax. It applies only if it exceeds the taxpayer's regular income tax liability, effectively acting as a floor on the amount of tax owed.

The Alternative Minimum Tax Applies to Individuals Only If It