Some data from the tax calculator: MFJ (both >65), std deduction
for a given level of ordinary income, about how much CG to start getting AMT?
ord. inc. CG for AMT
10K 365K
100K 145K
150K 85K
285K 0K
The higher the ordinary income, the less CG it takes to be affected by AMT.
Kind of makes sense qualitatively since the higher total incomes get affected more esp. since the AMT exemption gets reduced and then phased out completely at higher incomes............ some of us peasants rarely see AMT so for those of you who volunteered info about AMT.........your secret is out Now we know where to go for handouts.........
for a given level of ordinary income, about how much CG to start getting AMT?
ord. inc. CG for AMT
10K 365K
100K 145K
150K 85K
285K 0K
The higher the ordinary income, the less CG it takes to be affected by AMT.
Kind of makes sense qualitatively since the higher total incomes get affected more esp. since the AMT exemption gets reduced and then phased out completely at higher incomes............ some of us peasants rarely see AMT so for those of you who volunteered info about AMT.........your secret is out Now we know where to go for handouts.........