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Author: KnowNotMuch Three stars, 500 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: AMT exemption amount 2008 Date: 8/5/2008 9:24 AM
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The difference may be 5K under the AMT rules, but that won't be your additional tax. Your addtional tax is the difference between your tax under AMT rules and your tax under ordinary rules. Only if your tax is exactly the same (using the 65K AMT exclusion) under regular and AMT rules, or you're already subject to AMT will your additional tax be 5K if the exemption isn't changed.

You are correct, however, in our case, it is a couple of $100s off, give our take (not including on future raises, donations, investment gains/losses,...)

Maarten
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