Detailed text transcripts for TV channel - MSNBC - 20110920:11:12:00
Income. their rate comes down. but somebody like warren buffet who makes all his money in capital gains, his rate would go up. and it's a fairer system. >> the average millionaire, billionaire pays 18% in taxes. >> rite. >> in america. doesn't simpson/bowles sound like a great idea? close the loop holes. if we could get them to even pay 25%. >> there is something to that. >> the only argument we're going to have is where the numbers fall down and how much the person who is making $oo,000 a yea -- $50,000 a year has to pay. this is a concept. i am not in favor of getting rifd the mortgage deduc...
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