"Hedge fund managers and others in private equity pay much lower (tax) rates on their income than do truck drivers and teachers and nurses."
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U.S. Sen. Tammy Baldwin, D-Wisconsin, is pushing Congress to end the "carried interest" tax loophole. She is shown here speaking at the 2015 state Democratic Party convention. (Milwaukee Journal Sentinel photo)
Testing Tammy Baldwin claim on taxes for hedge fund managers vs. truck drivers
Our Sources
WISN, UpFront with Mike Gousha, Baldwin, Clinton had a ‘good night’, Feb. 14, 2016.
PolitiFact National, Hillary Clinton says hedge fund managers ‘pay less in taxes than nurses and truck drivers’, May 20, 2015.
PolitiFact National, Does a secretary pay higher taxes than a millionaire?, Sept. 21, 2011.
PolitiFact Wisconsin, Do Donald Trump, Pope France and Tammy Baldwin all agree on eliminating a tax break?, Sept. 24, 2015.
Phone interview with Roberton Williams, fellow, Urban Institute-Brookings Institution Tax Policy Center, March 31, 2016.
Email exchange with Richard Borean, Manager of communications, Tax Foundation.
Tax Foundation, 2016 Tax Brackets, Oct. 14, 2015.
Tax Policy Center, Income and taxes of the very rich, July 6, 2012.
Center on Budget and Policy Priorities, Policy Basics: Marginal and average tax rates, July 9, 2015.
Tax Policy Center, Effective marginal tax rates on wages, salaries, and capital income by expanded cash income level, 2015.
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Testing Tammy Baldwin claim on taxes for hedge fund managers vs. truck drivers
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