Replies to post #108129 on Intel Corp (INTC)

[wbmw]

So are taxes based on operating income?

Operating Income - Taxes = Net Income?

No, taxes are based on AGI (Adjusted Gross Income). Companies aren't required to put this on their filing statement, but if you've done your own taxes, you know that it starts with your gross income (which is like operating income), and then you apply deductions, credits, etc. What you get at the end of that is AGI.