Obama said: "I reject the idea that asking a hedge fund manager to pay the same tax rate as a plumber or a teacher is class warfare." 1) Hedge fund managers only pay 15% income tax. http://www.crimeandfederalism.com/2010/04/hedge-fund-billionaires-pay-lowest-income-tax-rates.html Which is higher 15% or 9.6% teachers paid or 5.6% plumbers PAID? These are the REAL numbers...not guesses but exactly what was paid! Download this .xls file for 2008 tax returns and the REAL amount paid in taxes.According to the IRS: SOI Tax Stats - Individual Statistical Tables by Size of Adjusted Gross Income The actual taxes paid by an average plumber in 2009 was 5.6% on $50,000 The actual taxes paid by an average teacher in 2009 was 9.2% on $52,000 Plumbers, Pipefitters, and Steamfitters Teachers There are a Total of : 1,485,600 Elementary School Teachers, Their Mean Annual Wage: $54,330 per elementary teacher. Plumbers: According to the department of labor There are total plumbers: 358,790 and their Mean annual wage $50,360 per plumber.