Every Single Media Outlet Is Misreporting Obama’s Tax Proposal

soupsoup:

Obama is not proposing that families making up to $250,000 a year keep their tax cuts while families making more than that don’t. He’s proposing that everyfamily keep their tax cuts on their first $250,000 of taxable income (which isnot the same as “income” or “earnings,” by the way).

That includes families with taxable income of $260,000, $1 million, $5 billion, $3 trillion, or whatever Jay-Z and Beyonce make in a year. Everyone would continue to pay a lower tax rate on their first $250,000 of taxable income under Obama’s plan. To report that Obama only wants to maintain tax cuts for families making less than $250,000 is simply false.

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  1. kniceclothing reblogged this from soupsoup
  2. armydoctorpeterpotter reblogged this from think4yourself and added:
    This is really interesting.
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  7. andrewmlaird reblogged this from soupsoup and added:
    Simple
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  11. thedeepz reblogged this from soupsoup and added:
    an important distinction
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  17. igottahaveitnow said: Bullshit!!
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