mediamatters.org - 3/3/2009
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Does ABC News understand how income tax works? Published Tue, Mar 3, 2009 11:39am ET by Jamison Foser ABC News reports on "upper-income taxpayers" who are trying to reduce their income so they avoid proposed tax increases on those earning more than $250,000. According to ABC, one ...
blogs.tnr.com - 3/3/2009
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blogs.tnr.com —
I've seen a lot of dumb news reports
in my life, but I'm not sure anything can...
quite match this one from ABC News. The premise of the report is this: Barack Obama plans to raise taxes on people who make more than $250,000, so the reporter has gone ...
(more)
Wealthy Idiots Meet Idiot Reporter
blogs.abcnews.com - 3/6/2009
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blogs.abcnews.com —
ABC News has learned that on Monday morning
President Obama will hold an event at the White...
House in which he signs an executive order overturning the ban on federal funding of embryonic stem cell research. The announcement will be...
(more)
President Obama to Sign Executive Order on Stem Cell ...
blogs.abcnews.com - 3/5/2009
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blogs.abcnews.com —
(3 p.m. update: See italicized items with responses
from the lead author of the Harvard study, Dr....
David Himmelstein.) President Obama’s kicking off his health care reform today in the worst possible way: with a mischaracterization of data. “The cost...
(more)
Medical Bankruptcies: A Data-Check
Comments
Blog Reactions
Do They?
Eschaton —
Do They? I guess I'm actually curious if the people working for ABC have any idea how the income tax works or not. Some times I can't tell if media outlets are playing stupid or if they are stupid.
Rich Morons Decreasing Own Income
Political Animal —
... about class warfare. Pretty clearly the reporter started off on her mistaken premise, found some subjects who shared her ignorance, and then came across a financial advisor who gently corrected her. But, instead of nixing the collosally uninformed article, or writing a different kind of article ("Rich Morons Decreasing Own Income Due To Lack of Tax Code Knowledge") she instead plowed ahead with her initial premise. Jamison Foser, who called ABC News' report " stunningly wrong," also explained : The ABC article is based on the premise that an individual's entire income is ...
Rotwang Ruminates (1)
TPMCafe —
... I would be delighted to offer my services to anyone striving to reduce their income to $249,999. It is not too complicated. Step one. Calculate your income. Step two. Subtract $249,999. Step three. Send me the difference. I will send you an invoice for consulting services. Your payment will be deductible as a Schedule C business expense, and you will be safe from Obamian Socialism. Cash only, no checks please. You're welcome! ...
Midday open thread
Daily Kos —
... If people want to try and reduce their income because they are too stupid to understand how the tax system works, all the power to them. But you'd think that with an income above $250,000, you'd have decent accountants to explain that shit to you. ...
The Heir to My Vast Misfortune
Lawyers, Guns and Money —
... So far, the child's achievements have been mixed. He seems to have discovered an efficient means of acquiring food, yet he appears unable to comprehend simple questions from his two-year-old sister, including "Hey, what are you doing?" or "Would you pull my nose?" All of which means he'd be uniquely suited to cover the tax beat for ABC News if the opportunity presented itself for some reason.
Surprise! The rich don't move to avoid taxes
Daily Kos —
... Believe it or not, people don't dig up roots and flounce out of their home state just because of taxes, any more than they quit their jobs when they creep up to the edge of a higher tax bracket (no matter how many times ignorant reporters find stupid people who think that's how the tax system works). ...
Surprise! The rich don't move to avoid taxes
Daily Kos —
... Believe it or not, people don't dig up roots and flounce out of their home state just because of taxes, any more than they quit their jobs when they creep up to the edge of a higher tax bracket (no matter how many times ignorant reporters find stupid people who think that's how the tax system works). ...
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'Shovels hit the ground,' Obama says —
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President Barack Obama said Tuesday that the country already is "seeing shovels hit the ground" on the first infrastructure repair project funded through the Transportation Department's share of the $787 billion stimulus bill.
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