The media has been reporting the $45k household income. How do they know that figure is right?
They don’t. The Baltimore Sun claims the Frost’s declined their request to see their 2006 tax return. However, a spokesman for the Maryland office that runs the health insurance program assured the media the Frost’s are quaified.
You need to let go your antiquated notion of fact based reality, and rise to a higher truth. Relax, let the warm needle of liberal narrative do its work. You are getting tired, aren’t you? Sleepy. Sleepy. vote democrat....
/sarcasm
I’ve not even heard it reported as “household income” instead I’ve heard it reported as “earned” which is a very important distinction.
Small business owners can, if structured correctly, thanks to GWB, pay themselves a “salary” from their business and move the rest over as as dividends ( untaxed ) from the business.
So they can perhaps tell the truth that was all they earned but it isn’t all the money they get.
There is no way in the world that someone buys a $450k house, owns all that commercial realestate and only has $45k/year income. The BS meter is past the MAN THE LIFEBOATS stage.
In fact the school is possibly getting scammed into giving them financial aid (needs based would be my guess ) and this story may well be causing them problems on that front as well. Just a hunch.
Is the media reporting the $20k the dad spends to send his kids to school?
New republic= lies
Of course the Left will not mention that fact that Frost and his family are a complete fraud. A manufactured media creation to demagogue an indefeasible Democrat position on Schip. Seems now days the Left, especially that portion in the Left in the failed Media, find it objectionable when someone does THEIR job for them and shines the light of truth on political fraud.
“The media has been reporting the $45k household income. How do they know that figure is right?”
Anyone that owns their own business, especially if it’s a wholly owned corporation, can use the tax code to their advantage and show a very small taxable income on a large actual income.
It’s called being smart and using the tax code to their advantage.
It’s tax advoidance not tax evasion.