Thursday, April 22, 2004

Bush Treasury Department Decides Only Those Making Over $200,000 Are Hardworking


The Treasury Department issued a highly political press release whose purpose was to blast Kerry's tax proposals. Brad DeLong notices that they replaced the phrase "individuals and married couples with taxable incomes exceeding $200,000" in the original with a new phrase "hardworking individuals and married couples." (And note that if your taxable income exceeds $200,000, your AGI [Adjusted Gross Income] is in all likelihood on the order of $250,000 and your FEI [Family Economic Income] somewhere near $280,000.)

Will there be consequences of the Bush Treasury's deciding that you aren't "hardworking" unless your taxable income is greater than $200,000 a year?

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