Detailed text transcripts for TV channel - MSNBC - 20150929:00:15:00
Small percentage of taxpayers. this is a guy who inherited his fortune, who stood in a room today with his heirs, who will inherit their fortune from him, calling for the abolition of the estate tax and then being asked are you a populist. >> well, and remember that most of the money subject to the estate tax now that so few people are covered by it is untaxed gains. this is money that you put into an investment, you haven't sold it, so it hasn't been recognized by the tax system. so what donald is really proposing is a massive increase in the amount of untaxed wealth accretion that would be p...