Without further comment, I pass along a link to the excellent economics writer, Megan McArdle, who is discussing why Net Operating Loss Carryforwards and Carrybacks
are a good
feature of the tax code. (Ok, one comment. Hint: income averaging.)
And for those who don't care about economics and fairness (or those who do and aren't bored yet), a second link where she discusses strategies for dining out with a partner
. Because even if we can't stomach the current election, we probably still have stomachs...