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URL:  http://boards.fool.com/mike-wrote-in-1998-and-1999-you-are-in-the-28-10089263.aspx

Subject:  Re: Roth IRA, WHEN? Date:  1/24/1998  6:45 PM
Author:  Kilmarnoch Number:  1506 of 124284

Mike wrote:
[[In 1998 and 1999, you are in the 28% bracket and roll your regular IRA into a Roth IRA (during 1998). The amount you are going to roll over is $10K. In the year 2000 and 2001 you earn enough to become a part of the distinguished 31% tax bracket. You will pay 28% tax on 1/4 of the rollover amount ($2500) during tax years 1998 and 1999, and 31% tax on 1/4 of the rollover amount during tax years 2000 and 2001. You would pay the 31% (in 2000 and 2001) even if the $10K added to your AGI for 1998 was still in the 28% tax bracket.]]

note: you really don't pay tax on your AGI, but to keep all the numbers *easy* to play with, assume this person has no deductions...

let me try to paraphrase what I think Mike wrote:
a $10