“The rhetoric in Washington about taxes is about millionaires and the super rich but the relevant dividing line between millionaires and the middle class is pegged at family incomes of $250,000…that makes me super rich and subject to a big tax hike if the President has his way” wrote University of Chicago Law Professor Todd Henderson before his post was taken down but lives on in cached form.
Law Professor Todd Henderson acknowledged that he along with his spouse a physician earn more than $250,000 making them eligible for President Obama’s proposed tax hike but he sees a problem. “A quick look at our family budget, which I will happily share with the White House, will show him that like many Americans we are just getting by despite seeming to be rich,” said Henderson, “we aren’t.”
Henderson’s blog post prompted a flurry of responses in the blogosphere, not all of them sympathetic…and a revelation of threatening emails he has since received. The firestorm later spurred Henderson to “hang up my blogging hat” he later revealed at Truth on the Market writing, “…I was a fool and I didn’t anticipate how this kind of thing could happen.”
Full post here from ABA Journal
Related Post: Earning $250,000 Does Not Make You Rich, Not In My Town—Above The Law
H/T: Xiao-Mei—Xiexie