"So now you owe an extra 10% on your $40K salary which is $4K. And you also owe 35% on that $50k which is around $18K."
Based on the numbers, this is clearly a misunderstanding of how tax brackets work, and not anything to do with the AMT.
"So now you owe an extra 10% on your $40K salary which is $4K. And you also owe 35% on that $50k which is around $18K."
Based on the numbers, this is clearly a misunderstanding of how tax brackets work, and not anything to do with the AMT.