Assertion: taxpayer's income | /r/HasProperty | taxable
Facets:
Source sentences:
text: The "minimum" aspect is something of a misnomer—a taxpayer must calculate their taxable income both ways, once according to ordinary IRC rules, then again using the AMTI methodology.
text: TurboTax can help you estimate if you'll need to file a tax return and what income will be taxable.
text: TurboTax can help you estimate if you'll need to file a tax return and what income will be taxable.
text: The American system of taxation is based on the premise that all income is taxable (which includes illegally earned income).
text: Yes, rental income is taxable, but that doesn't mean everything you collect from your tenants is taxable.
text: In theory, it's supposed to prevent wealthier taxpayers from slashing their taxable incomes to a bare minimum by using all the deductions that are available under the Internal Revenue Code (IRC).
text: The "minimum" aspect is something of a misnomer—a taxpayer must calculate their taxable income both ways, once according to ordinary IRC rules, then again using the AMTI methodology.