Sentences with phrase «prevent wealthy taxpayers»

It's an «extra» tax imposed by the IRS to prevent wealthy taxpayers from taking advantage of so many credits and deductions that they effectively avoid paying any taxes at all.

The ostensible goal of the individual AMT is to prevent wealthy taxpayers from paying little to no federal tax.

Not exact matches

Cuomo said preventing upper - middle - class and wealthier taxpayers from using the deduction will help drive them out of the state and put more of a tax burden on lower - income earners.

Another proposal would only prevent only the wealthiest taxpayers from taking the state and local tax deduction.