Web Page Layout in Photoshop

This might seem like a stupid question, but I was wondering exactly where you draw the line between the Photoshop layout of a web page and the actual HTML content. If you design a layout in Photoshop, how much of the content do you design and slice in Photoshop? Basically, if you take www.teamphotoshop.com for example, how much of the content of the page (specifically the text boxes and test) would be designed and sliced in Photoshop, and how much would be added with HTML? If you cannot easily answer my question, is there a link or a resource you could point me to? I'm just really confused as to where to start. Thanks a lot.

-Mike

All text should be in HTML. Unless it's a header or something in a fancy font, but even then there are ways of putting that same written information in the HTML.

In short, photoshop is only for the graphics. Everything else should be in HTML and CSS.