taxes

How Much is Enough?

Anyone who bought a lottery ticket last week probably spent a few minutes dreaming about how $640 million would change their life?  Those dreams can now be realities for the three people who picked the winning numbers in last week’s biggest ever Mega Millions Lottery.   Each winner will receive about $100 million after taxes. Each […]

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BEWARE of the AMT

The Alternative Minimum Tax (AMT) was passed in 1969 to prevent people with very high incomes from using special tax benefits to pay little or no tax. The U.S. Congress enacted the AMT in response to the outrage generated when the Secretary of the Treasury testified before Congress that 155 people with adjusted gross annual […]

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