Monday, June 27, 2011

AMT Reform

A group called ReformAMT is campaigning to eliminate the Alternative Minimum Tax on Incentive Stock Options. There is generally no regular tax when a person exercises ISO's, but the AMT on it can sometimes be substantial. People who are whacked with this tax don't like it, especially since it often comes as quite a surprise. Also, the transaction on which they are being taxed did not put any money in their pocket. (So how are they supposed to pay the tax??) Go to www.reformamt.org to find out what they are up to.

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