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Subject:  Re: Selling stocks with substantial run up Date:  2/7/2011  5:56 PM
Author:  MurrayS Number:  68426 of 88486

As far as estimating your taxes - it actually makes that job simpler.

Have you ever tried to estimate taxes subject to AMT? It's far from a flat tax, particularly if you're near the cutoff and you have to figure your taxes both ways and, as mentioned, there are a variety of items that are phased out. Throw in the fact that the government, on occasion, waits until December to set the AMT exemptions and it's extremely difficult to estimate your taxes mid to late in the year.

As I mentioned, I don't mind paying taxes and will gladly pay my fair share. I agree that, in principle, AMT has a purpose, but the implementation is ridiculous.

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