earn your income through capital gains or dividends. what the administration' proposal is just to let the bush administration tax cuts expire so that means raising the top rate from 35% up to 39.6%. increasing the rate on capital gains from 15% up to 20%. we shouldn't have this discrepancy in our tax system where if you are earning money from wages you're taxed at a higher rate than if you are earning money from stock market or. >> laura: you are for a flat tax, tyson. good man. >> no. a graduated progressive income tax that treats all income the same. >> laura: i got it. now, stewart, can you chime in here. i'm under the impression that everybody's taxes are going to go up under this expiration, right? it's not just the wealthy, that everybody's taxes are going to go up. >> basically that's the case. on january 1st everybody's taxes go up. everybody's rates go up. it doesn't have to do with