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Reality Doesnt Stick Either News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20120416:11:16:00

year, $600,000 a year, is being compared to warren buffett. at the end of the day, that comparison doesn t stick. but the reality doesn t stick either, the way that the taxes are doled out now. but the code needs to be reformed. the president who wants this bill to be passed, he has not paid 30% federal taxes in the last two years. why? not because he didn t want to but because the code is structured in a way. tell me this, what does the buffett rule how do you mandate that someone pay 30% under the buffett rule? well, obviously, you have to raise, obviously but the buffett rule doesn t do that. i know. you have to raise capital gains taxes. chuck todd, the white house, you have the president s tax returns out. he pays anywhere from 20% to 26% in taxes. right. are they concerned about that? well, they are a little bit except they don t make $1 million a year.

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