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Brochures and a spa and pool. and a tennis court. it looked so beautiful. >> reporter: beautiful. and she thought a great investment. because she thought she was buying from a man with the midas touch. >> whatever he touches turns gold. >> this is the purchase agreement. >> reporter: they signed the agreement in december of 2006. >> we picked an actual room with a plan. here's the purchase price. of condo. $418,000. that's how much that was. >> what they could afford. >> here's the confirmation. the letter confirms we're in receipt of $125,000. >> reporter: they would lose every penny. >> it's...

Touch. >> whatever he touches turns gold. >> this is the purchase agreement. >> reporter: they sign pd the agreement in december of 2006. >> we picked an actual room with a plan. here's the purchase price. of condo. $418,000. that's how much that was. >> what they could afford. >> here's the confirmation. the ler confirms we're in receipt of $125,000. >> reporter: they would lose every penny. >> it's hard when you feel like you have been ripped off. by a big name. it's just how could this have happened. >> reporter: trump ocean resort baja mexico was never built. construction never got beyond ...

Share in taxes than everyone else does. she says all individual income above $10 million a year should be taxed at a 70% tax rate. that way the extra revenue generated could be used to fund things like green infrastructure and medicare for all. now, the current highest tax bracket on the books for individuals is 37%. that's on all income above $500,000 a year. this is down from a previous high of 39.6% on income of more than $418,000 a year, thanks to the republican tax law that president trump signed in late 2017. now, you see, the united states has what's called a progressive federal income ...

Get off scot-free. is it your sense there's going to be a fourth rate? do you know at what level it would kick in? do you know what level any of these rates from the 12% to the 25% to the 35%, what level they would kick in? >> you know, in terms of income levels, we have ranges right now so there's nothing in concrete. that was actually -- whether we go with a fourth rate and whether those come in was a major topic of discussion today when we had our retreat. those are still -- some of the levers -- >> neil: let me ask you right now, that top rate kicks in i think around $418,000. you think th...

Chief strategist steve bannon said he wants the top tap bracket to have a number 4 in front of it. right now the tax bracket for those earning the most is 39.6%. throez of you earn more than $418,000 a year. cpa advocate for small business and contributor to "the washington post." great to have you. >> how are you? good to see you. >> leland: incredible, seeing that the president has so often talked about tax cuts, tax cuts, tax cuts, now over july 4th weekend you've got steve bannon talking about, oh, for the wealthiest we're gonna raise it up in the 40% range. >> i actually haven't heard the...