-LSB-...] The bill includes a rule to help
prevent wealthy individuals from incorporating as pass - through companies to pay a lower tax rate on their income.
The document said: «The framework contemplates that the (congressional tax) committees will adopt measures to prevent the recharacterization of personal income into business income to
prevent wealthy individuals from avoiding the top personal tax rate.»
Not exact matches
The ostensible goal of the
individual AMT is to
prevent wealthy taxpayers from paying little to no federal tax.