NBC's Costello butchers health care bill's tax on wealthy
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SUMMARY: NBC News correspondent Tom Costello falsely reported that the health care income surtax in the House tri-committee bill could mean a surcharge of $7,000 for those "with a taxable income of more than $350,000" and a surcharge of $15,000 for those "earning $500,000." In fact, since the surcharge rates established in the bill would apply only to the portion of a household's income that exceeds $350,000 or $500,000, respectively, families making between $350,000 and $500,000 would not pay more than $1,500, and families making between $500,000 and $1 million would not pay more than $9,000.
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