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Subject:  Re: T bills and AMT Date:  7/20/2006  10:08 AM
Author:  Lokicious Number:  17599 of 35930

Remember that you don't pay state taxes on T-bills and other Treasuries. This reduces your state tax, hence your state tax itemized deduction on your federal return, which should help with AMT compared to a money market, CDs or bonds taxed at the state level.
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