Homer, and The New Yorker magazine's vaunted Department of Factual Verification, nods.
In the first paragraph of the lead story of the May 4th issue, a "Comment" piece on tax increases and the prospect of Texas seceding from the union because of them, author Hendrick Hertzberg attempts some math.
He calculates that under the tax hike proposed by the Obama administration, raising the top marginal rate from 35% to 39.6%, "a fellow making, for example, three hundred grand could see his tax bill go up $34.62 per week."
Is Mr. Hertzberg missing a zero, or does he does customarily take extraordinary deductions when he files?
I'm terrible at math, and as readers of this blog know even worse at spelling, but my calculation is an increased liability of $265 per week.
That's not peanuts.