Click here to read. Bruenig takes on the famous "how many hours of labor does it take to afford a pickup truck" graph released by the CEA last month. This graph is deceptive because it counts taxes paid against the affordability of a truck but does not count benefits received towards the affordability of a truck. It is also deceptive because it uses marginal tax rates rather than average tax rates.
The White House’s Deceptive Pickup Truck Math
The White House’s Deceptive Pickup Truck Math
The White House’s Deceptive Pickup Truck Math
Click here to read. Bruenig takes on the famous "how many hours of labor does it take to afford a pickup truck" graph released by the CEA last month. This graph is deceptive because it counts taxes paid against the affordability of a truck but does not count benefits received towards the affordability of a truck. It is also deceptive because it uses marginal tax rates rather than average tax rates.