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.
AMT Exemption Amount. After adjusting for inflation, the following are the AMT exemptions for 2015: 1  $53,600 for single taxpayers, 2  $83,400 for married taxpayers filing jointly, and. 3  $41,700 for married taxpayers filing separately.