The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Penalty for reaching next tax bracket? Date:  3/23/2007  5:34 PM
Author:  Wradical Number:  93236 of 127753

(Phil:)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?
"Twilight Zone" is not a bad comparison. I've described it as a situation on "Star Trek" where you have to work in two dimensions simultaneously - because you're under two sets of rules all the time, but can bounce back and forth, as far as which rules really determine your tax. Beam me up, Scotty! I'm back on the AMT Form!


Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us