The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Penalty for reaching next tax bracket?||Date: 3/23/2007 5:25 PM|
|Author: TMFPMarti||Number: 93235 of 119695|
My tax CPA is excellent but has had difficulty putting this into words I can understand.
Just so you don't get too cocky and think you don't need us Fools, a quote from your prior post in this thread:
Or, to make it more specific and interesting, consider a $100,000 or more LTCG over the $61,300 magic number.
Old enough to remember The Twilight Zone? You have now entered AMTLand, where things are not as they seem. Sometimes. Your long-term cap gains still get the special rate here, but chances are good that you'll pay higher tax on your other income because of the AMT exclusions and rates.
We return you to your regular programming. Or do we?
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