Alternative Minimum Tax (AMT) Explained

"Hey Andi, Joe and Big Al, Can you please explain what the Alternative Minimum Tax (AMT) is and who pays it. I found it confusing and would like to hear your take on it. P.S. my new drink of choice is a tall shot of Highland Park 18 with one large ice cube... then to lower my cost basis I follow it up with a shot of Monkey Shoulder. - Smitty from The Villages."

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