Federal (Incentive Stock Option)

1998 1999
Wages 100,000) 100,000)
Long-term capital gain            0) 249,000)
Adjusted gross income 100,000) 349,000)
State/local income tax 19,463) 24,430)
Other taxes 2,200) 2,200)
Residential mortgage interest 10,000) 10,000)
Less deductions phased out           0)   (6,672)
Itemized deductions  31,663)  29,958)
Personal exemptions     2,700)           0)
Taxable income   65,637) 319,042)
Regular tax 15,206) 66,287)
Minimum tax credit 0) (39,875)
Alternative minimum tax  62,214)            0)
Total Federal tax  77,420)  26,412)

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