The New York Times Might Have to Issue Another Major Correction to Their Story Attacking the GOP Tax The New York Times Might Have to Issue Another Major Correction to Their Story Attacking the GOP Tax – NTK Network

The New York Times Might Have to Issue Another Major Correction to Their Story Attacking the GOP Tax

The Times was widely inaccurate when they claimed a hypothetical couple's taxes would increase by nearly $4,000.

By NTK Staff | 03.07.2018 @9:00am
The New York Times Might Have to Issue Another Major Correction to Their Story Attacking the GOP Tax

The New York Times published a story in February claiming that under the GOP tax bill a hypothetical couple would have their taxes increase by nearly $4,000. This claim by the Times was wildely inaccurate, and they were forced to issue a correction to their story on Friday.

Now the Wall Street Journal is pointing out another major inaccuracy in the Times method, which shows the hypothetical couple saving even more than the Times initial correction alleged.

The original story alleged that a hypothetical New York couple would have to pay $3,896 more in taxes under the GOP tax bill.

However, under the GOP tax bill, the amount the hypothetical couple “would likely owe on taxes would decline by $43, not rise by $3,896.”

The New York Times issued the following correction:

“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 Times blamed the mistake on the online software TurboTax, which they used to conduct their research.

But, the Wall Street Journal’s James Freeman is now pointing out another inaccuracy with the Times story:

“On Monday Mr. Hemel tweeted: ‘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 $1500 under the new law.'”

Will the Times issue another correction? Will they accept that the GOP tax bill will benefit hardworking Americans?

Sign Up

for NTK updates every week.


View Privacy Policy