Tuesday, September 21, 2010

Alternate Headline: "Expiring Tax Cuts a Hardship for Profligate Wealthy Family"

Rich Professor Who Complained About Obama's Tax Hikes Says He Doesn't Make $450,000 A Year
Henderson's post created a firestorm of controversy, as people who make a lot less than the Hendersons--namely, the vast majority of Americans--ridiculed the professor's attitude.
In our own posts and video on the matter, one of which was entitled "Cry Me A River," we referenced a combined Henderson family income of $450,000, which was being reported all over the web, including by Reuters.
This morning, Todd Henderson, who has since un-published his blog post, reached out to us to say that this figure was incorrect and that he and his wife make less than $450,000 a year. He would not say exactly how much the family makes, citing contractual agreements, only that it was less than $450,000.
Henderson's original blog post, which Berkeley professor Brad DeLong extracted from Google's cache and republished here, said the family's combined income "exceeds the $250,000 threshold for the super rich (but not by that much)."

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