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Explain in your own words the alternative minimum tax (AMT) and include in your definition: (a) why was it implemented by the IRS, (b) who

Explain in your own words the alternative minimum tax (AMT) and include in your definition: (a) why was it implemented by the IRS, (b) who was the original targets of the AMT, (c) how it is calculated, and (d) whether you think it was fair to implement the tax, why or why not.

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