Update: New David Cay Johnston Comment at Tuesday’s Post on His NYT Report
I’m not in a position to respond myself until this evening, if not later.
Unfortunately (in this case), I moderate comments, and may or may not be able to let them through until up to eight hours after they are made. I turned off comments here, because I’d rather folks respond at the original post.
10PM, August 25 — I have made a correction in the body of the original post that has the net effect of reducing the estimated impact of ignoring the Earned Income Tax Credit from $170 to $44, but identifying the effect of all other previously ignored credits (Child Tax Credit and several others) as $88. That leaves me wrong by $38 in the matter of tax credits ($170 – $44 – $88), and I am sorry for that error.
August 26, 9:30 a.m.: There is now a post showing that my core contention at the end of the original August 21 post (”while average pre-tax income may have fallen, average after-tax income has risen — even during the Times’ artificially induced period of analysis.”) is correct.
