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Keep your sights on the Alternative Minimum Tax (AMT)

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in Small Business Tax,Small Business Tax Deduction Strategies

Of course, higher taxes are a major concern for upper-income taxpayers in 2013. The top tax rate increases from 35% to 39.6% on ordinary income, while the maximum rate for capital gains and qualified dividends soars from 15% to 20%. But that isn’t the only tax obstacle in your path this year. Strategy: Don’t forget about the Alternative Minimum Tax (AMT).

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