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Tuesday, December 28, 2010

Todd Henderson, Larry David, and Tax Cuts for Top Earners

Remember Todd Henderson? He's the U of Chicago law professor (with doctor spouse) who wrote a notorious blog post detailing the miseries of those of his income. He darkly prophesied greater miseries to come if the Bush tax cuts for the $250,000 earners (that's after all deductions, btw) were not extended. So much scorn was heaped upon him that he pulled the post.

Read about it here.

A WSJ columnist offered some advice on how to make ends meet for those in the $250,000plus brackets.

I had pretty much put Todd out of my mind until I read the New York Times piece by Larry David titled "Thanks for the Tax Cut!"

Should I laugh or cry?

At least we don't have to worry about Mr. Henderson's holiday.


Jane said...

Whoa nelly! what i could do with a combined income of $450,000!! I'd be spending/saving it a lot differently than the Hendersons that's for sure. I can't believe the tax cuts are being extended - we know who is really running the gov't!

Frugal Scholar said...

@Jane--I hope you've read Mr. Henderson's post. It is a hoot. It's enraging too, of course.