American military thought has coined the expression 'Overall Strategic Objective.' When [British] officers first heard this they laughed; but later on its wisdom became apparent and accepted. Evidently this should be the rule, and other great business be set up in subordinate relationship to it.
The AMT was created in 1969 over outrage that 155 high-income households making over $200,000 at that time didn't end up owing any federal income tax. That $200,000 would be worth $1.3 million today.
It excludes all annual bonuses and cash incentives, and all non-cash awards. There may be significant business expenses, mostly discretionary, that may be greater in relation to income in the first years of operation. Joe's Commentary: Previously, Amway's average income was $115 a month, but also disregarded IBOs who did nothing. In this report, it looks like Amway disregarded an additional 20% of IBOs when calculating the figure. Viewers should also note that there might be large pins included who drive the average up.