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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (606926)4/7/2011 1:26:34 PM
From: i-node  Read Replies (1) of 1577924
 
> A whole bunch folks with million dollar incomes paid no tax...

Like most tax matters, a statement like this grossly oversimplifies the situation.

For example, how many of those who had million dollar incomes this year lost a million last year? Surely, you don't think it is fair to deny a deduction to a person who had a NOL last year just because he happened to make a million this year, right?
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