[muawiyah]

Axelrod is not very knowledgeable about taxlaw or economics. Otherwise he would realize that the rich aren't going to be paying any taxes at all due to the heavy losses they sustained this fall from the Obama Depression.

Carry backward and carry forward opportunities are going to make that $2 trillion deficit turn into a $4 trillion deficit for just 2009.

[goodnesswins]

While I agree that the rich aren’t going to be paying as much in taxes as the middle class....I do question your statement about “carry backward and carry forward.” You can ONLY carry about $3000 a year in losses, if my memory is correct. With their losses they’ll be able to carry them for about the next 200 years, probably....