Detailed text transcripts for TV channel - FOXNEWS - 20120124:22:40:00
They brought people in looking for smaller government. here is what happens. mitt romney will pay 15% as will warren buffett on most of the income because the capital gain and tax rate. that is the highest rate you can charge, they're being charged on that. then you take away charitable contributions which he gave a lot of money to charity. $7 million. >> bob: two-third was mormon church. >> dana: does a lot of great work. >> eric: obama gave 1% of the income away before he was president. another story. if you take that number away you can bring the tax rate down to 13%. it's legal. there is n...
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