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Percent of all taxes collected. megyn: let's keep it simple. i don't understand math at all. but she is trying to say you are paying a higher pore portion your take home pay as a middle class person than a rich guy. they do loopholes. >> people who are in business for themselves or sub chapter s corporations are paying those top marginal rates. everyone is not escaping taxation. the idea that anybody should be able to make more money and retain more of that money is called opportunity. >> last year the top 400 income earning americans paid a real percentage of 18%. that's what they paid. 18%. ...

Live for us tonight. thanks. a billion dollars or more in missing customer cash and few answers today from one jon corzine the former new jersey governor and senator taking new heat from capitol hill about the collapse of his brokerage firm mf global. the company declared bankruptcy back in october after making some very bad bets on european debt. today was corzine's third round of testimony in the collapse but the first one since one regulator said corzine may have known about an improper transfer of $175 million in client money. and that's the sticking point. the regulator claims m.f. global...

He still has a lot of explaining to do including what happened to more than a billion dollars of client money. james rosen is keeping an eye on that live in washington. >> reporter: good afternoon. mf global's 36,000 customers may never see a full return on the money they lost, but a top regulator says significant inroads have been made in determining how the $1.2 billion went missing. jill summers, a commissioner with the cftc which had partial oversight over mf global, told reuters last night her agency's auditors, quote, see where all the transactions went and are now trying to figure out w...

Investigating $1.2 billion in customers' money that's missing from the now bankrupt firm mf global where corzine was chairman for 20 months. >> obviously on the forefront of everyone's mind, including mine, are the varying reports that customer accounts have not been reconciled. i was stunned when i was told on sunday, october 30th, 2011, that mf could not -- mf global could not account for many hundreds of millions of dollars of client money. i simply do not know where the money is or why the accounts have not been reconciled to date. >> well, get this, congressman rick larsen fired three you...

7:39 in the morning. central park, upper west side off in the distance. jon corzine continues to face tough questions over the failure of the security firm, mf global, that he ran. former governor of new jersey was pressed to explain an estimated $1.2 billion in missing customer funds. >> obviously, on the forefront of everyone's mind, including mine, are the varying reports that customer accounts have not been reconciled. i was stunned when i was told on sunday, october 30th, 2011, that mf could not -- mf global could not account for many hundreds of millions of dollars of client money. i sim...