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an average rate of only 8% on their total income. a family led by a firefighter and a teacher can pay double that income tax rate, double what a billionaire pays, double the 8%. so my budget has a billionaire minimum tax of 20% minimum tax that applies only to the top .100% of households. it raises $360 billion that can be used to lower costs for families and cut the deficit. and i would add nobody making less than -- you're tired of hearing me saying it. no one making less than $400,000 a year will pay a single penny more in federal taxes. i'm a capitalist. i have no problem with people making as much money as they are capable of making.

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