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The competition for dumbest news story of day/week/month is way too competitive to ever declare a definitive winner.  But Jon Chait sure has a contender today, a piece by ABC’s Emily Friedman that’s based on the idea that the tax rate on your entire income will jump under Obama’s proposed tax reform if your income exceeds $250,000.  Supposedly this makes it worthwhile to get your income a few pennies under the limit, and supposedly lots of people are working on this.  Needless to say, though, the tax code doesn’t work this way.  Only the income above $250,000 will be taxed at the higher rate:

The article [] quotes a financial advisor who explains the way that tax brackets rates work, but then quotes a right-wing business professor and the subjects of her article fulminating about class warfare. Pretty clearly the reporter started off on her mistaken premise, found some subjects who shared her ignorance, and then came across a financial advisor who gently corrected her. But, instead of nixing the collosally uninformed article, or writing a different kind of article (“Rich Morons Decreasing Own Income Due To Lack of Tax Code Knowledge”) she instead plowed ahead with her initial premise.

Friedman’s piece is a train wreck.  What happened to ABC News’ editors on this one?

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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