Friday, July 01, 2005

Economic Illiteracy Leading Killer of Liberal Reporters

The New York Times is at it again. This time, they are trying to make the case for the sky falling because of all the rich folks who don't pay federal income taxes.

Here is the story.

The key to understanding this issue meshes nicely with the need to reform the U.S. Tax Code. How can they say there is anyone who doesn't pay federal income taxes when nearly one-third of the cost of all goods and services can be attributed to federal income taxes?

The New York Times can't understand that but you can, can't you?