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New York Times issues embarrassing correction after botching story attacking Trump’s tax plan


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  • Platinum Contributing Member

:lol:   You know that's got to kill them to eat crow like that.  

http://www.foxnews.com/entertainment/2018/03/08/new-york-times-issues-embarrassing-correction-after-botching-story-attacking-trump-s-tax-plan.html

The New York Times issued an embarrassing correction after a report that attacked President Donald Trump’s recently passed tax plan got the numbers about as wrong as could be.

The lengthy Feb. 23 feature, headlined, “Get to Know the New Tax Code While Filling Out This Year's 1040,” sought to detail how Trump’s tax plan would hurt middle-class families. A hypothetical couple -- christened Sam and Felicity Taxpayer -- would see their tax bill rise by nearly $4,000, according to the story.

Then came the correction saying the family would actually see taxes go down.

 

The Wall Street Journal’s James Freeman mocked the Times piece before the Old Gray Lady issued the correction.

“Even perennial tax-increase advocate Warren Buffett is now acknowledging the economic benefit of the Trump tax cuts, but The New York Times newsroom still won’t concede the point,” Freeman wrote on Feb. 27. “Will criticism from a liberal law professor persuade The Times to reconsider?”

Well, The Times did reconsider -- but it may still not be 100 percent accurate.

“An earlier version of this article incorrectly described the probable effect of the new tax law on a hypothetical couple’s 2018 tax bill. The TurboTax ‘What-If Worksheet’ that generated the projection for their 2018 taxes failed to indicate that the couple would probably be entitled to claim a sizable deduction for income earned from consulting. As a result of that deduction, the amount they would likely owe on taxes would decline by $43, not rise by $3,896,” the correction states.

The accounting error in The Times’ original piece is quite significant for the family, which reported a combined income of $183,911. Freeman wrote a followup piece, noting that “a liberal law professor says The Times still doesn’t have the story quite right.”

Freeman pointed to University of Chicago tax law professor Daniel Hemel, who said Times editors still don’t understand Trump’s tax cuts.

“Still don’t see why Samuel & Felicity aren’t claiming nonrefundable dependent credits of $500 for their children Luke & Heidi and their parent Sydney, for additional tax savings of $1,500 under the new law,” Hemel recently tweeted.

In addition to Hemel’s analysis, a spokesperson for TurboTax’s parent company issued a statement to The Journal explaining that The Times used a program for the misleading feature that was not yet updated with the latest tax laws.

As much of the mainstream media looks for reasons to attack the president on a regular basis, the misleading feature on taxes peovides some evidence that many Americans don’t understand the benefits of tax reform or don't acknowledge positives because of political reasons.

“The search continues for Americans who will not benefit from the 
Trump tax cuts on individual and corporate income,” Freeman wrote.

The New York Times did not immediately respond when asked if it would issue another correction based on Hemel’s analysis.

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5 minutes ago, Snoslinger said:

do you ever read any of the details skidmark, or just go by the faux news version of things? i'm guessing the latter..

 

What details are you talking about?

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4 minutes ago, Snake said:

What details are you talking about?

the ny times link. nowhere do i see any slams about the tax cut. matter of fact, the opposite. the times didn't make the error, the "turbotax" program did, on a 2018 "projection" regarding consulting fees. furthermore, many people that live in NY, under similar conditions, will see their taxes go up.

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16 minutes ago, Snoslinger said:

do you ever read any of the details skidmark, or just go by the faux news version of things? i'm guessing the latter..

 

Suppose that was TurboTax's fault too.  :lol:  

“Still don’t see why Samuel & Felicity aren’t claiming nonrefundable dependent credits of $500 for their children Luke & Heidi and their parent Sydney, for additional tax savings of $1,500 under the new law,” Hemel recently tweeted.

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4 minutes ago, Snoslinger said:

i'm sure if the times goal was to "harm" trump's tax plan they could have created better hypotheticals :handjob:

 

GMAFB,  they got caught lying.  if your going to write about something they should have a clue what they are writing about and instead of just relying on some computer simulation do some fucking math.  

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4 minutes ago, Angry ginger said:

GMAFB,  they got caught lying.  if your going to write about something they should have a clue what they are writing about and instead of just relying on some computer simulation do some fucking math.  

:lol:

 

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1 minute ago, Snoslinger said:

:lol:

 

I know you laugh about that because you never have a clue what you’re writing about, make shit up all the time yet pass it off as fact anyway... 

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3 minutes ago, Angry ginger said:

GMAFB,  they got caught lying.  if your going to write about something they should have a clue what they are writing about and instead of just relying on some computer simulation do some fucking math.  

No one makes mistakes! All errors are lies!

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16 minutes ago, Snoslinger said:

"Thanks to lower rates and a doubled standard deduction and other breaks, 2018 taxes will fall for many people."

does that sound like slamming trump's tax plan? 

 

ginger? since you like to take whatever minor opportunity you can to try and stay on "the team" :lmao:

 

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1 hour ago, Snoslinger said:

the ny times link. nowhere do i see any slams about the tax cut. matter of fact, the opposite. the times didn't make the error, the "turbotax" program did, on a 2018 "projection" regarding consulting fees. furthermore, many people that live in NY, under similar conditions, will see their taxes go up.

As much of the mainstream media looks for reasons to attack the president on a regular basis, the misleading feature on taxes peovides some evidence that many Americans don’t understand the benefits of tax reform or don't acknowledge positives because of political reasons.

“The search continues for Americans who will not benefit from the 
Trump tax cuts on individual and corporate income,” Freeman wrote.

 

:clueless:

 

 

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5 hours ago, Snoslinger said:

taxes are probably the biggest topic you should stay out of racer, considering how you bombed on 8th grade level tax questions :lol:

 

 

You still mad how I kicked your ass on this stuff previously?  Hey go ask your spouse some tax questions, we all know that's who has to tell you about them.

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1 hour ago, racer254 said:

You still mad how I kicked your ass on this stuff previously?  Hey go ask your spouse some tax questions, we all know that's who has to tell you about them.

Dude - you’re literally retarded :thumbsup:

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Our taxes will be decreasing by about $3500 next year.  Paychecks have already gone up for most Americans. Pretty hard for the libs and msm to spin this when people are already getting more money in their pocket.  Not to mention the huge repatriation of money coming in from overseas profits. Customer I talked to had already publically announced they were going to invest in more trucks with the tax decrease.

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10 hours ago, Snoslinger said:

i'm sure if the times goal was to "harm" trump's tax plan they could have created better hypotheticals :handjob:

 

yes that is fucking exactly what they wanted to de to get there sheep like you all flustered up. they prob ran numbers for a week to find a set that worked for there agenda.  

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10 hours ago, Wildboer said:

No one makes mistakes! All errors are lies!

lol so now the news room has no one to sit back and check the story ? you are obviously correct  as long as it says trumps is shit

again the reason trump won is this exact crap that the people can see plain as day every fucking day  

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