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Where we're actually penalizing small businesses from hiring new people. somehow we have to figure out some way to replace that money because, again, i don't, you know, we can't willy-nilly go around cutting taxes, but we're certainly in some cases taxing -- taxing the small businesses and the different enterprises in a way that makes it harder for them to employ people. >> the -- with the top tax bracket at $500,000, that means that someone who is paying -- who has an income of 5 million or 500 million is paying exactly the same rate as someone at $500,000. we used to have a top tax bracket o...

Bracket be? what should the top income tax rate be? >> well, i'm not sure i've got a number right off the top of my head. that's not something that we've dug down on, but i think the process by which we get to that -- those different levels of tax rate are going to be critically important. i don't think there's any question that, you know, what's been going on for the last several decades that the structure of capitalism in the united states has slowly but consistently been working against the middle class and for poor people. you look at both in terms of their security and in terms of their o...

>> yes, it's made part of the exhibit. >> so you will provide it to the committee? >> yes, ma'am. >> according to federal prosecutors, executives at the company then and i quote, agreed to reimburse cohen by adding 130,050,000 grossing up that amount to 360,000 for tax purposes and adding a $60,000 bonus such that cohen would be paid $420,000 in total. executives of the company decided to pay the $420,000 in monthly installments of 35,000 over the course of a year. is that accurate? >> that is accurate. >> what was the purpose of grossing up the amounts essentially doubling what you had paid t...

>> it was made part of the exhibit. >> according to federal prosecutors executives at the company then, and i quote, agree to reimburse cohen by adding $130,000 and $50,000 up that amount to $160,000 and adding $60,000 bonus so cohen would be paid $420,000 in total. executives decided to pay the $420,000 in monthly installments of $35,000 over the course of a year. is that accurate? >> it is accurate. >> what was the purpose of grossing up the amount, essentially doubling what you paid to miss clifford? >> if you pay $130,000, you live in new york where you have a 50% tax bracket, in order to ...

>> yes, it is made part of the exhibit. >> you will provide it to the committee? >> yes, ma'am. >> is executives at the company then and i quote "agreed to reimburse cohen by adding $130,000 and 50,000 grossing of that amount to 360,000 for tax purposes and adding $60,000 bonus such that cohen would be paid $420,000 in total." executives of the company decided to pay $420,000 of monthly installments over the course of the year of $35,000, is that accurate? >> yes, that's accurate. >> because if you pay $130,000 and you live in new york, we have a 50% tax bracket, in order to get you 130 back, ...