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PBO: New alternative minimum tax rules to shift burden to high earners, generate $2.6B net revenue

By Karunjit Singh ( September 7, 2023, 3:24 PM EDT) -- Changes proposed to the alternative minimum tax (AMT) in Budget 2023 will generate additional net revenue of $2.6 billion, predominantly coming from high earning individual taxpayers, according to a report released by the Parliamentary Budget Officer (PBO). ...

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