Does ABC News understand how income tax works?

The ABC article is based on the premise that an individual's entire income is taxed at the same rate. If that were the case, it would be possible for a family earning $249,999 to have a higher after-tax income than a family earning $255,000, because the family earning $249,999 would pay a lower tax rate. Full Story »

Posted by Kaizar Campwala
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Subjects: U.S., Business, Media
Topics: Taxes, Journalism
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Posted by: Posted by Kaizar Campwala - Mar 3, 2009 - 6:11 PM PST
Content Type: Article
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Edited by: Kaizar Campwala - Mar 3, 2009 - 6:11 PM PST

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Kaizar Campwala
3.8
by Kaizar Campwala - Mar. 3, 2009

Keeps ABC accountable for their lame error.

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