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Occidental college in california. she loves tax day so much she wants to expand it bigly. called for upping the tax bracket to 80% or not. professor joins us tonight. thanks for coming on. >> thanks, tucker. >> tucker: i want to get the motive here for a second. do you want the tax rate to go up to pay for more stuff or as way to punish rich people. >> neither of those things. i'm not talking about taxes for your viewers. i'm talking about taxes for the top 1% and i'm not even talking about all of their income. i'm talking about the marginal tax rate, the highest rate which right now is sit at...

California. she loves tax day so much she wants to expand it bigly. called for upping the tax bracket to 80% or not. professor joins us tonight. thanks for coming on. >> thanks, tucker. >> tucker: i want to get the motive here for a second. do you want the tax rate to go up to pay for more stuff or as way to punish rich people. >> neither of those things. i'm not talking about taxes for your viewers. i'm talking about taxes for the top 1% and i'm not even talking about all of their income. i'm talking about the marginal tax rate, the highest rate which right now is sit at $470,000. i'm talking...

The bill for $470,000 in unpaid back taxes because it turns out he was not actually paying all of his taxes. and even though president nixon's financial situation, his tax situation was now dire straights for all the world to see, some americans to supported him decided they actually felt quite charitable toward him on that whole issue. >> it's tax day for most people today, but because of his tax problems, president nixon has be given an extra 60 days to file his return. the white house said today that about 5,000 people have sent the president over $40,000 to help pay his huge bill for back ...

Called for upping the tax bracket to 80% or not. professor joins us tonight. thanks for coming on. >> thanks, tucker. >> tucker: i want to get the motive here for a second. do you want the tax rate toor go up to pay for more stuff or as way to punish rich people. >> neither of those things. i'm not talking about taxes for your viewers. i'm talking about taxes for the top 1% and i'm not evenor talking about all of their income. i'm talking about the marginal tax rate, the highest rate which right now is sit at $470,000. i'm talking about wealthy individuals who on 470,000 plus would be takessed...

Journal bulletin" in rhode island. that reporter then published a story on it and what we learned from that leak and that publication was over the course of two years, president nixon had paid next to nothing in federal income taxes. he was earning $200,000 a year as president of the united states, but he was paying the government in taxes basically the same amount as if he was, quote, a wage earner with one exemption in the $7,000 income bracket. so he faced an onslaught of public pressure after that leak. and that revelation about how little he was paying in taxes and why was that anyway? pr...