The
New York Times made an attempt to figure out a hypothetical family's tax
liability underneath Trump's tax reform, and miscalculated the returns, which
caused them to issue a retraction.
The
NY Times were forced to print a correction after reports that
attacked Trump’s tax plan got the figures wrong.
The
long news feature on February 23rd
detailed how President Trump’s tax plan could hurt families in the middle class.
One hypothetical couple could see their tax bill increase by almost $4,000.
Then
came a printed correction stating that the family actually would see taxes decrease.
According
to the correction, ‘An earlier print of the post improperly explained the possible
new tax law effect on the couple’s tax bill for 2018. The ‘What-If Worksheet’ done
by Turbo Tax did not go into detail that the couple potentially would be able
to claim a massive deduction for income earned from their consulting business.
Because of the deduction, the quantity they’d likely owe would decrease by $43,
and not increase by $3,896.’
The
New York Times’ original post’s accounting error is substantial for the family,
who reported a family income of $183,911. James Freeman from the Wall Street
Journal said, ‘according to a liberal law professor from the University of
Chicago, Daniel Hemel, The New York Times still does not have
the story right.’
The
mainstream media searches for reasons to attack Trump on a consistent basis,
and this misleading news feature on taxes proves that most people in America do
not have an understanding of the benefits of tax reform, or do not acknowledge the
positives due to political reasons.
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