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Meaning of alternative minimum tax | Babel Free

Noun CEFR C1

Definitions

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.

US, countable, uncountable

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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See also

alternative music alternative pop alternative press alternative provision alternative right alternative RNA splicing

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