Replies to post #108128 on Intel Corp (INTC)

[Elmer Phud]

So are taxes based on operating income?

Operating Income - Taxes = Net Income?

[willco]

I was using the term "net income" in a broad sense, not an accounting sense. I should have said "taxable income". But then taxable income can be quite different from reported pretax income. Not arguing for anything in that but trying to add to the fact base for the discussion.