§ 55 Alternative minimum tax imposed

5(A) In general The tentative minimum tax for the taxable year is the sum of—

The amount determined under the preceding sentence shall be reduced by the alternative minimum tax foreign tax credit for the taxable year.

3(B) Taxable excess For purposes of this subsection, the term “taxable excess” means so much of the alternative minimum taxable income for the taxable year as exceeds the exemption amount.

2(D) Alternative minimum taxable income The term “alternative minimum taxable income” means the taxable income of the taxpayer for the taxable year—

If a taxpayer is subject to the regular tax, such taxpayer shall be subject to the tax imposed by this section (and, if the regular tax is determined by reference to an amount other than taxable income, such amount shall be treated as the taxable income of such taxpayer for purposes of the preceding sentence).

3(B) 0 percent of so much of the adjusted net capital gain (or, if less, taxable excess) as does not exceed an amount equal to the excess described in section 1(h)(1)(B), plus

1(C) 15 percent of the lesser of—

3(A) $78,750 in the case of—

2(B) $50,600 in the case of an individual who—

2(C) 50 percent of the dollar amount applicable under subparagraph (A) in the case of a married individual who files a separate return, and

3(D) $22,500 in the case of an estate or trust.

2(A) $150,000 in the case of a taxpayer described in paragraph (1)(A),

1(B) $112,500 in the case of a taxpayer described in paragraph (1)(B), and

1(A) In general In the case of any taxable year beginning in a calendar year after 2012, the amounts described in subparagraph (B) shall each be increased by an amount equal to—

1(B) Amounts described The amounts described in this subparagraph are—