This depends on what portion of total expenses are represented by employees paid the minimum wage.

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Plus, in 2012, the government is likely to raise the minimum wage by 14%, adding to the income boost for a large portion of Brazilians.

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For such stock, no portion of the exclusion is treated as a tax preference item for purposes of the alternative minimum tax.

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Yet another benefit of the Flat Tax Act is that it reforms not just the income portion of the code, but also eliminates federal gimmicks that stymie economic growth such as the Alternative Minimum Tax, capital gains taxes, the estate tax and the marriage penalty.

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