2018.03 Tax Correction

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In a surprise to no one, the NYT opposes tax cuts and allowing people to keep more of their hard earned money. So they tried to torpedo the Trump tax cuts by vilified it with a long tale about Samuel and Felicity Taxpayer. Doing their taxes for them, they concluded they'd owe an additional $3,896 under the new law. The WSJ did them and explained they'd actually save $43. The Times added a small footnote to correct it (if you read the fine print)... then a tax professor at the University of Chicago pointed out the WSJ forgot to get their dependent children tax credit and were owed another $1,500 for their dependent children. (They still haven't corrected for that). So the NYT was only off by >$5,439 dollars.