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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (77974)	1/15/2007 6:13:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 206180

AMT: I would've liked to have seen what taxreformpanel defines as "income". There's earned income, adjusted gross income, taxable income, etc. It's not so clear to me that so many people with large long-term capital gains will be paying AMT taxes. Or that if they do, the amount will be so very much greater than the 15% rate. Here's an article I found which discusses. I've no idea of its accuracy, but it seems to provide a more detailed picture of what happens: "Top Ten Things that Cause AMT Liability" fairmark.com "AMT and Long-Term Capital Gain" fairmark.com