07-18-2012, 02:59 AM
It's safe to assume you're not an accountant.
"And it’s possible he suffered a large enough capital loss that, carried forward and coupled with his various offshore tax havens, he wound up paying no U.S. federal taxes at all in 2009."
This does not mean he had no income.
"And it’s possible he suffered a large enough capital loss that, carried forward and coupled with his various offshore tax havens, he wound up paying no U.S. federal taxes at all in 2009."
This does not mean he had no income.