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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (652063)4/20/2012 5:00:17 PM
From: Wayners  Read Replies (1) of 1579682
 
AGI is very far different than having a Billion in assets much of which are likely to be unrealized capital gains that have never been taxed. Somebody sitting on a Billon assets might actually have 0 income at all and pay no taxes. Depends on what the assets are and if they pay dividends or interest or rental income or other income. If I own a billion in land and don't generate any income from that land, my AGI is 0, so what does a 15% tax rate mean? Heck make it a 35% tax rate and I still pay zero in taxes.
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