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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20211015 05:27:00

thanks so much for having, me and no it s not where we re proposing. what we re proposing is making sure our tax system is fair. what we re know today as wealthy americans are less likely to pay taxes. for example, the top 1% of people in our country underpaid taxes each year by more than 150 billion dollars, each year. they don t make money the way that the woman who works in advertising does. or a teacher, or ill lush or, men each one of those people get a w to at the end of the year, that sent to them. and also sent to the irs. it allows us to verify how much money they, made and how much in taxes they need to pay. the wealthy and the other, hand make money by selling assets, buying collecting capital gains, by putting together complex structures like partnerships, that allow them to sell those assets, for $2 million, put that money in their bank, account until the irs that they only made it $100,000. the presidents proposal, ensures that we can find out, ....

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