...Senate report states: The committee believes that the minimum tax should serve one overriding objective: to ensure that no taxpayer with substantial economic...using exclusions, deductions, and credits. * * * [S. Kept. 99-313, at 518 (1986), 1986-3 CB (Vol. 3) 518.] The Senate report goes on to explain that: A...

...Ways and Means Committee Report on HR 3838 states that the overriding objective for a minimum tax is "to ensure that no taxpayer with substantial economic...liability by using exclusions, deductions, and credits." "The ability of high-income taxpayers to pay little or no tax undermines respect for the entire tax...

...Ways and Means Committee Report on HR 3838 states that the overriding objective for a minimum tax is "to ensure that no taxpayer with substantial economic...liability by using exclusions, deductions, and credits." "The ability of high-income taxpayers to pay little or no tax undermines respect for the entire tax...

...p. 13 "The Committee believes that the minimum tax should serve one overriding objective: to insure that no taxpayer with substantial economic income...liability by using exclusions, deductions, and credits. Although these provisions may provide incentives for worthy goals, they become counterproductive when...

...p. 13 "The Committee believes that the minimum tax should serve one overriding objective: to insure that no taxpayer with substantial economic income...liability by using exclusions, deductions, and credits. Although these provisions may provide incentives for worthy goals, they become counterproductive when...

...Committee's report, "The Committee believes the minimum tax should serve one overrriding objective: to ensure that no taxpayer with substantial economic income can avoid significant tax liabilIity by using exclusions, deductions, and credits." (Coani&tee on Hays and Heans, US House of...

...preference. Reasons for Change Congress concluded that the minimum tax should serve one overriding objective: to ensure that no taxpayer with substantial economic...liability by using exclusions, deductions, and credits. Although these provisions may provide incentives for worthy goals, they become counterproductive 4...

...tax-induced competitive disadvantage in a life insurance marketplace occupied by virtually taxexempt mutuals. As part of the 1986 Act, Congress imposed on corporations...credits." S. Rep. No. 99-313, 99th Cong., 2d Sess. 518 (1986). The base for this new alternative minimum tax is a corporation's regular taxable income (with...

...result from the alternative minimum tax should not conflict with the Congressional intent of assuring that "no taxpayer with substantial economic income...exclusions, deductions and credits." (S. Rep. No. 313, 99th Cong. 2d Sess. 518-519 [1986] .) We would appreciate the opportunity to testify before the...

...the following excerpts: Congress concluded that the minimum tax should serve an overriding objective: to ensure that no taxpayer with substantial economic...liability by using exclusions, deductions, and credits. (Emphasis added.) p. 432 In certain circumstances where income is defined more broadly for financial...