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$413 million from his father's real estate empire, starting when he was a toddler and continuing to this day. "the new york times" reporter david barstow says the family did whatever they could to avoid paying tax. >> some of the techniques that they used were standard tax avoidance which is perfectly legal but we also found a series of strategies that they used, according to the tax experts that we spoke with, were actually improper, clearly illegal. >> the president responded. the failing "new york times" did something i have never seen done before they used the concept of time value of mone...

>> no look the way we deal with 401 (k) there's two ways to do it. einstein said there was only one miracle in this world the time value of money so the more you put away earlier the more you'll have later and if you can do it and not be taxed later on there is a way to make americans more self-insured, have greater resources, so the way we'll look at the 401 (k), we will protect it, expand the amount that you can invest but we'll also give you an option to actually not be taxed later in life, not to have that tax burden hovering over you in the future but actually have greater income in the f...