Dear Mr. Albom:
I usually enjoy your columns, which is why yesterday's column entitled "tax cut debate missing the point" was such a disappointment to me.
Your example of a couple making $250,000 talked about their tax burden being 40% under the Democratic proposal. This is blatantly false, and such falsehoods are hard to fathom coming from a person of your stature. Do you not have any editors?
The fact is that, under the Democratic proposal, taxes would only go up to the 40% vicinity on income *above* $250,000. The cuts would remain in place for all income under that amount. (And under an alternative proposal, the increase would only apply to income over a million. Do you oppose this too?)
I worked through the tax laws based on the 2009 rules. Your hypothetical family with 4 kids and $250,000 income would pay a total of $50,054 in . This is within the 25% which you say is reasonable. (And it assumes no itemization of deductions; i.e., the standard deduction was used.)
You are certainly entitled to your own opinions, but you are not entitled to your own facts.
Petition of the day
2 hours ago