Detailed text transcripts for TV channel - MSNBC - 20170315:17:28:00
Have paid a rate of 5%. what the alternative tax does is recognizes that tons of high-income folks, especially people in industries to take losses, like real estate, often take large losses against their tax liability and many end up paying zero in taxes. so there's this alternative code that they have to calculate to make sure that once they factored in all of their losses and if it looks like they would pay something like zero, then they have to go over to the alternative side of the code and pay something closer to a fair share. and so when donald trump looks at the alternative minimum tax ...
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