Phrases with «minimum tax»

The phrase "minimum tax" refers to the smallest amount of tax that someone or a company is required to pay by law, regardless of their income or profits. It ensures that everyone contributes at least a certain amount to taxes, even if they qualify for deductions or have low income or earnings. Full definition

Related phrases

alternative minimum tax
corporate alternative minimum tax

Sentences with «minimum tax»

The alternative minimum tax for individuals, which limits tax breaks for wealthy taxpayers, is retained in more limited form. (vox.com)
In the future, corporations would be required to pay about a 10 percent minimum tax on overseas income above a certain level. (washingtonpost.com)
The proposal would impose a new minimum tax of 30 % on adjusted gross income reduced by a maximum 28 % deduction for charitable giving. (eyeonhousing.org)
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Phrases with «minimum tax»

Related phrases

Sentences with «minimum tax»

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