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Ohio online Form Instruction 6251: What You Should Know

You should take into consideration that income is taxed at the level you pay it to. Therefore, if we calculate the level in dollars, this means that we are getting our income at a rate of 100%. This is different from the normal tax rate system. Because AMT has both the normal tax rate system and AMT, it is important that both of these rates are considered. You will be able to see this on line 22 in our calculations. A couple of examples are the standard income tax for 2018, that is 6.2% on wages and salaries as well as the AMT rate. The standard rate is generally used to calculate the rates for married couples filing a joint return. The AMT rate is a lesser rate on earnings which comes to a total of 12%, of which 8% is taxable.

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