Classic Senator Clinton on the economy. Article here.
“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.”
You just feel like, ‘wait a minute. I’m working as hard as I can.’ All those people you see in your law office. They’re working as hard as they can and they feel like they’re just getting further and further behind,” Clinton said.
Excuse me, the president doesn’t set wages. How much control do you really think the president has Senator Clinton? Give me a break. She would be a colossal disaster.
So who really pays taxes? Check out the numbers.
Projected Share of Individual Income Taxes and Income in 2005 (U.S. Treasury Estimate)
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| Percent of Income Taxes | 33.7 | 54.1 | 65.8 | 83.6 | 96.4 | 3.6 |
| Percent of Income | 16.5 | 31.0 | 42.1 | 64.7 | 86.1 | 13.9 |
