Examlex
List several similarities between gay relationships and marital relationships.
AMT
Alternative Minimum Tax, a separate tax system in the United States designed to ensure that certain taxpayers pay at least a minimum amount of tax.
Corporate AMT Income
Corporate AMT Income refers to the calculation used to determine the Alternative Minimum Tax payable by a corporation, ensuring that companies pay at least a minimum amount of tax.
Subchapter S Corporation
A type of corporation in the U.S. that elects to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code, allowing income to be passed through to shareholders and taxed at an individual level.
Shareholder Basis
The amount invested in a company by its shareholders plus any earnings retained by the company.
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