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Home Publications Blogs Beat the Press The Senate Bill Put Its Cutoff at $250,000, Not $1 Million

The Senate Bill Put Its Cutoff at $250,000, Not $1 Million

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Wednesday, 19 December 2012 05:47

The Washington Post is having trouble with numbers again. It told readers that the bill passed by the Senate in the summer would restore the Clinton era tax rates on households with incomes over $1 million. Actually the bill would restore Clinton era tax rates on households with incomes over $250,000.

Thanks to Robert Salzberg for calling this to my attention.

Comments (6)Add Comment
Vote Total Wrong Also
written by Robert Salzberg, December 19, 2012 5:00
The piece also claimed 53 Democrats voted for the bill when there were only 50 Democrats voting for the bill and one independent.

Perhaps they're referring to some bill from years past...

http://thomas.loc.gov/cgi-bin/bdquery/z?d112:S.3412:
...
written by kharris, December 19, 2012 8:44
This is a different sort of getting it wrong than we commonly see from the Post. Usually, some conventional error, some phony talking point, ends up in the Post's reporting as fact. This time, there is no phony talking point. The reporter (and the editor) muffed facts that aren't even part of the partisan debate.
Their Perfect World
written by Jeffrey Stewart, December 19, 2012 9:24
Wishful thinking from Rosalind S. Helderman, Ed O’Keefe and WaPo's eds.
...
written by urban legend, December 19, 2012 8:15
What are the mechanics of applying a tax rate to adjusted gross income, when it is taxable income, after personal exemptions and deductions, to which the rates are applied? It seems to make no sense whatsoever.

Can anyone explain how that would work?
This is wrong!
written by David, December 20, 2012 9:04
The senate bill does not restore Clinton rates on households with incomes over $250,000.00. It restores rates on income over $250,000.00. There is a substantial difference. This type of sloppy characterization of the issue is why we have news reports of people needlessly worried about their income crossing the $250,000.00 line.
...
written by Emie Carter, December 22, 2012 1:48

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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