Detailed text transcripts for TV channel - CNN - 20161009:17:02:00
The industrialized world, ranking 31st out of 34 countries. the u.s. percentage is lower today than in 2000, while the average has stayed about the same. nor is it true that the rich don't pay much in america. now obviously some people managed to arrange their affairs so they don't pay many, or in trump's case any taxes, but the federal government derived revenues from the income tax and 70% of federal income tax is paid by the top 10% of americans. it is a very progressive system. the problem with american taxes is something different. the complexity. the u.s. has the world's longest tax code...
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