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Re: rosemountbomber post# 351190

Wednesday, 08/18/2021 12:59:46 PM

Wednesday, August 18, 2021 12:59:46 PM

Post# of 426291
Rose, if i sold all

160K of my AMRN shares at, for example, $20 per share

that would be $3.2MM, where most of that would be gains

But about half of that is in my IRAs

but with over a $1MM in gains in the taxable account

I would be at the top income tax bracket, which is apparently going up as well

So the difference in taxes for a $1MM gain is

at 15% tax rate = $150K

at ?maybe50%? tax rate = $500K

a $350K tax difference to the government

so they have $350K more of my earned money

so that they can waste it on their crap causes



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