Corporations subject to the AMT are penalized because they took advantage of tax preferences during the year.

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Corporations subject to the AMT are penalized because they took advantage of tax preferences during the year. If Congress doesn’t want corporations to take advantage of a certain tax preference, why doesn’t Congress simply repeal the preference?

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Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Question Posted: Nov 03, 2015 05:28 AM

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Corporations subject to the AMT are penalized because they took advantage of tax preferences during the year.

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Congress enacts tax preferences as incentives for all corporations ...View the full answer

Principles Of Taxation For Business And Investment Planning 2016 Edition

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