Detailed text transcripts for TV channel - CNN - 20100415:10:21:00
And local taxes claimed about 20% of the u.s. gross domestic product. it sounds like a lot. 30 of the rich's countries, they all paid or averaged about 36% of gdp. saking a look at that. i can tell you this. americans do pay far more in individual income taxes than other wealthy nations but we do pay much less in sales tax. they pay more in sales tax there. if you take a look at who is getting -- the federal tax revenue, 45% of it is going -- coming from income taxes, that's one you can see there. 45% will owe no federal income tax, have earned little. everyone pays some sort of taxes. 75% the...
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