Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Paper Profits

Posted by taxguru on June 21, 2004

This would be funnier to many people who participated in the dot-com bubble if they didn’t have to pay taxes on phony income, such as the AMT on options for stocks that couldn’t be sold. Many people had tax bills of hundreds of thousands of dollars on this phantom income; and many more will if the insane AMT is not repealed or at least made more fair.

Reform AMT

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