Marginal financial reporting

Shouldn't reporters have to, ya know, actually understand the terms they are using if they are going to base news stories based on those terms?

To belabor the obvious, the tax code specifies marginal rates: your rate rises from 33 to 35 percent if your taxable income exceeds $372,950, but only the income above $372,950 pays the higher rate.

Expect to hear more stories like these as "a national of John Galts" cleverly attempt to "work less" to get their income down to $249,999 -- with the effect of actually lowering their after-tax income in the process -- while the press slavishly follow these wealthy geniuses and proclaim that Obama is inciting class warfare.