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Antonio is the sole shareholder of a corporation he formed 17 years ago by contributing $500,000 for all of the corporation's stock. This year,

Antonio is the sole shareholder of a corporation he formed 17 years ago by contributing $500,000 for all of the corporation's stock. This year, he sold all of the stock to a competetor for $1,000,000. Antonio is in the 37% marginal tax bracket. Antonio must recongize a gain of $99500000 liability will increase as a result of the gain by $ 185000 x. X. His tax

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