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World s most complex tax code. the federal code plus irs rulings is now 70,000 pages long. the code itself is 16,000 pages. the state of france has a tax code of 1,109 pages. you have to understand that complexity equals corruption. for those who despair at the role of money in politics, the simplest way to get the corruption out of washington is to remove the surprise that members of congress give away, preferential tax treatment, a flatter tax code with almost no exemptions does that. it needs to be simpler, fairer, more competitive, and generate adequate revenue. we have $1.1 trillion in back door spending through deductions, exemptions, credits, and exclusions and differences in the rates between ordinary income and capital gains and dividends. $1.1 trillion a year. everybody s for tax reform. ....
Before the one-vehicle accident heard round the world. we ll show you how he did it yesterday. plus, rick santorum shows off his skills at a wisconsin bowling alley, and then talks a little trash about president obama s bowling. keep it on morning joe. we ll be right back. this is $100,000. we asked total strangers to watch it for us. thank you so much, i appreciate it, i ll be right back. they didn t take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. ....
also, james wolfensohn has many claims to fame. yes, he ran the world bank but he hired paul volcker when he started his own investment firm. i ll talk to him about the global economy and more. later, an inside look at the silicon valley facebook, paypal, facebook, zynga. reid hoffman has been at the ground floor of all of them. and why is one of america s friends, india, friends with one of its sworn enemies, iran? playground politics are at large. i ll explain. but first, here s my take. we re going to hear a lot of polarized rhetoric over the next few months. the republicans and democrats will seem to disagree about everything. but there is one huge and important area where there is a possibility, a possibility of bipartisan action. that s tax reform. most americans, republicans and democrats, dislike the tax code. their right to do so. america has what is arguably the world s most complex tax code. the federal code plus irs rulings is now 70,000 pages long. th ....
many claims to bank. i ll talk to him about the global economy and more. later a. look at the silicon valley facebook, pay pal, zynga. reed hoffman has been at the ground floor of all of them. and why is one of america s friends, india, friends with one of its sworn enemies? i ll explain. but, first, here s my take. we re going to hear a lot of polarized rhetoric over the next few months. the republicans and democrats will seem to disagree about everything. but there is one huge and important area where there is a possibility, a possibility of bipartisan action. that s tax reform. most americans, republicans and democrats, dislike the tax code. their right to do so. america has what is arguably the world s most complex tax code. the federal code plus irs rulings is now 70,000 pages long. the code itself is 16,000 pages. the state of france has only 1,909, only 10% of ours. and then there are others that have innovated and moved to a flat tax with considerable succ ....