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Is Hillary Serious?

Posted on Wednesday, February 20, 2008 at 11:28AM by Registered CommenterJoe | CommentsPost a Comment

File this under the misleading and irrelevant information category

"We also have to reward work more," Clinton told a small group of Ohio residents today. "and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives. Under the tax code, they can pay a lower percentage of their income in taxes on $50 million dollars, than a teacher, or a nurse, or a truck driver in Parma pays on $50,000. That's very discouraging to people."

Is it lost on Mrs. Clinton that, while some investment bankers may pay a lower percentage of their salary in taxes than teachers, nurses, etc, they are actually contributing far more money in a year to the federal government than the individuals in the aforementioned professions are ever going to contribute in the same time period?  I mean, where does she think much of the money for lavish and irresponsible federal entitlement programs actually comes from?  It's not like the investment bankers are benefiting from those programs!  The "percentage of their income" comparison is simply laughable.

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