Alternative minimum tax
AMT basics
Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. The basis for the tax is not taxable income but income subject to a different calculation.

Alternative minimum tax

Section Title: AMT basics
Table Section Text: Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. The basis for the tax is not taxable income but income subject to a different calculation.

Status	Single	Married filing jointly	Married filing separately	Trust	Corporation

Tax Rate: Low	26%*	26%*	26%*	26%*	20%*

Tax Rate: High	28%*	28%*	28%*	28%*	20%*

High Rate Starts (2012 and earlier)	$175,000	$175,000	$87,500	$175,000	n/a

High Rate Starts (2013)	$179,500	$179,500	$89,750	$179,500	n/a

High Rate Starts (2018)	$191,100	$191,100	$95,550	$187,800	n/a

Exemption in 2009	$46,700	$70,950	$35,475	$22,500	$40,000

Exemption in 2010	$47,450	$72,450	$36,225	$22,500	$40,000

Exemption in 2011	$48,450	$74,450	$37,225	$22,500	$40,000

Exemption in 2012	$50,600	$78,750	$39,375	$22,500	$40,000

Exemption in 2013	$51,900	$80,800	$40,400	$23,100	$40,000

Exemption in 2018	$70,300	$109,400	$54,700	$24,600	n/a

Exemption phase-out starts at (2012 and earlier)	$112,500	$150,000	$75,000	$75,000	$150,000

Exemption phase-out starts at (2013)	$115,400	$153,900	$76,950	$76,950	$150,000

Exemption phase-out starts at (2018)	$500,000	$1,000,000	$500,000	$80,450	n/a

No more exemption in 2009 at	$299,300	$433,800	$216,900	$165,000	$310,000

No more exemption in 2010 at	$302,300	$439,800	$219,900	$165,000	$310,000

No more exemption in 2011 at	$306,300	$447,800	$223,900	$165,000	$310,000

No more exemption in 2012 at	$314,900	$465,000	$232,500	$165,000	$310,000

No more exemption in 2013 at	$323,000	$477,100	$238,550	$165,000	$310,000

Long-term capital gains rate	15%	15%	15%	25%	20%

Sentence(s)

The 2012 exemption amounts to $78,750 for married couples filing jointly and $50,600 for single people.

final_sentence: The 2012 exemption amounts to $78,750 for married couples filing jointly and $50,600 for single people.