jasonxctf Posted September 25, 2010 Share Posted September 25, 2010 Interesting story. http://www.tax.com/taxcom/taxblog.nsf/Perm...Z9?OpenDocument Does anyone know how this tidbit is possible? In 2008 nearly 1 in every 200 high-income taxpayers paid no federal income tax, up from about 1 in 1,500 in 1998. I don't get it. Especially with the AMT in place. Is it tax credits, not deductions that are eliminating paying any level of income tax? Link to comment Share on other sites More sharing options...
Balta1701 Posted September 25, 2010 Share Posted September 25, 2010 I can think of at least one minor investment-related blip that happened in 2008 that would have allowed a lot of very wealthy people to claim very large year over year losses. Link to comment Share on other sites More sharing options...
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