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Alternative Minimum Tax: CNBC Explains

Sunday, 29 May 2011 | 12:00 AM ET

The Alternative Minimum Tax, also known as the AMT, is a portion of the U.S. tax code that affects high-earning individuals who lower their tax payments through deductions. However, the AMT is a tricky part of American taxation. Want to know how it's calculated? Salman Khan of the Khan Academy demonstrates.