Friday, March 20, 2009
another marginal error
A couple of weeks ago I wrote about a mistake by an ABC News journalist covering the financial sector that betrayed a lack of basic understanding of marginal tax rates (essentially, the income tax). I felt a little exposed writing about it because, as I admitted at the time, I myself did not know this embarrassingly basic fact about income taxes.
Today I feel a little less bad for myself and a little more so for all of us, as a prominent financial blogger made the same mistake while guest posting on the blog of another well-respected financial blogger whom I read every day.