Finished up my taxes after much trepidation and procrastination. The final tally: a Net Operating Loss - which means I lost money in 2008 and don't owe the IRS a cent. Yippee? For the curious, here's a simple diagram that explains how to achieve such a feat:
Translation: Just agree to enlarge your job by 50% without a commensurate increase in compensation - or, just be a frickin' idiot.
That is all.