The Alternative Minimum Tax (AMT)was Created by Congress to Make

question 89

True/False

The alternative minimum tax (AMT)was created by Congress to make it more difficult for wealthy individuals to avoid paying taxes through the use of various deductions.

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Definitions:

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period, used as an indicator of economic health.

Health Care

Maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of illness, injury, and other physical and mental impairments in people.

Nations

Large groups of people bound together by common languages, territories, histories, and sometimes religions.

Impoverished

Describing a condition of limited financial resources, where basic needs such as food, clothing, and shelter may not be adequately met.