My name is Michael Jordan. I played basketball for the Chicago Bulls. In my playing days I had the following income (see chart below). This was all prior to the enactment of the At Risk Rules and the Passive Activity Rules (PAL). Compare the taxable income results then to the taxable income under the current rules. Why the difference? Basketball Salary - $3 million Investment Income - $20 million Endorsement income from various products including Nike, Hanes, and Gatorade - $54 million Write-offs from various tax helters that my financial planners put me into - ($75 million)