| What are the AMT tax rates for 2009?
The taxable income above the exemption amounts may be subject to Alternative Minimum Taxes. Unlike the ordinary tax rates, the AMT has only two tax brackets. The AMT tax rate is assessed only on AMT income over the exemption amount.
The AMT tax rates for married filing joint taxpayers are as follows:
1. 26% on the first $175,000 of AMT taxable income, and
2. 28% on the remainder of AMT taxable income.
The AMT tax rates for married filing separate taxpayers are as follows:
1. 26% on the first $87,500 of AMT taxable income, and
2. 28% on the remainder of AMT taxable income.
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