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PSea

02/21/19 10:16 PM

#176919 RE: noelan_s09 #176915

double post
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Chemist2

02/21/19 11:04 PM

#176925 RE: noelan_s09 #176915

Hi Noel; If you pay the taxes from funds other than the conversion funds
you win! If you pay the tax from the conversion fund(as Crikker does in his example) you lose! The brackets and the increase in stock value
are important in the calculations. You gambled and won, as did I!
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Chemist2

02/21/19 11:11 PM

#176926 RE: noelan_s09 #176915

Hi Noel Here is the math; Conversion tax is 37% of $317,000=$117,290.
Non-conversion tax is 12%(optimistic) of $1,746,000= $209,520.
Of those two taxes which do you want to pay? ;.)