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@David Alpert--

This is all complicated by Fed/State Alternative Minimum Tax. Remember, you lose all SALT deductions in the Federal AMT. I'm not sure how MD's AMT works, but it's not nice. That's a big issue for people with AGI above $112,500 single and $150,000 MFJ.

Suffice it to say, back-of-the-envelope calculations should not be relied upon when examining issues like this.

by WRD on Feb 22, 2011 2:53 pm • link • report

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