Amarin Corp Plc (AMRN)

[sharinky]

The yearly income you are quoting would be your total income which would include both your earned income and your gain from selling your stock. So you would probably not want to sell 1M in a year because your gains would probably put your total income over the 470K threshold and some of your gains would be taxed at 20%. Also, depending on what else you have going on in your return, there is a different tax that can kick in called Alternative Minimum Tax (AMT) where higher income levels that requires you to pay a higher percentage on your income. I know that has changed some with the recent tax law changes.

One other tidbit, when you sell and have a large gain, pay the tax in the quarter you sell the stock or you likely get hit with penalties.

I am not an expert on this so as others have suggested you should consult a tax professional before selling large gains.