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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Wyätt Gwyön who wrote (77977)	1/15/2007 7:03:54 PM
From: Paul Senior	Read Replies (3) of 206184

AMT. It's also something to do with 'are affected now' (by the AMT) vs. a 'will be affected' category Unless the laws change, apparently I will be in latter category (I will be affected by it), and I don't know in advance to what extent. For 2005 taxes though (where our (married/filing jointly) ltcg far exceeded salary and dividend income), I skated by. I have to go with the tax-preparer for now. Assuming a reasonable number of his clientele are people who have large ltcg, and assuming he (like most normal people/accountants) plugs numbers into a tax computer program, if the computer program says very few of these clients have to pay the AMT, then I have to assume that FOR NOW, you might in the minority of this class who do fall into it. In future though, as that site indicates, and as I suspect, apparently more and more of us will be joining you. (Well, if we're fortunate enough to have large ltcg then.)

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