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Friday, April 11, 2008

Propagating Innacuracy

AS LONG AS WE ARE COMBATING OBAMA DISTORTIONS TODAY ON THE DAILY DISH...

Since the release of the Clintons' tax returns, the stock-and-trade is to suggest something like this Politico story, which starts, "The Clintons have made a $100-million fortune...".

Well, that's just false, right? They Clintons paid taxes on that. In fact, they paid a *huge* amount of taxes, relative to other people in their tax bracket. Their average tax rate was 31%. They gave away something like $10 million to charity and probably paid nearly $10 million more in taxes than they could have gotten away without doing.

Basically they didn't talk to a good tax specialist. Or, they chose to pay a fair share, instead.