ryan tax returns which i thought was so interesting is that it reminded you last night we found out the reinyans tax returns w out. it was like, oh, yeah, most people s taxes are boring. mitt romney s taxes are super interesting because he s worth $250 million and he makes a ton of money and people who make that much rub have interesting taxes. paul ryan who s doing okay, well actually compared to most americans are pretty boring. his taxes aren t interesting because he makes a lot of money but it s all over the america. totally un-american. no, it dreamsly american. ironically, yes. it s kind of unpatriounpatri i think he s doing everything
cash in 2009. trillion. trillion. you can earn profits in the u.s. if you re a multi national, treat them as expenses you pay from your american pocket and hold that money tax-free. i mean the system is vaftsly more complicated than it appears on the textbook level. quickly. resolve this dispute in seven seconds. the burden of it is born by them. some have the ability do that. some don t because they don t have it. if you look at walmart, they re paying 35% in tax. it s difficult to see how much but zero is an incorrect answer. david kay johnson. thank you for joining us this morning. we ll continue to talk about taxes and get way into it with you next time you re on the show. thanks a lot. we ll be right back. [ female announcer ] girls don t talk about pads. but they do talk about always infinity.
add combined income of over $538,000 over those two years. and effective rate of about 18%. so to me the interesting thing is here s someone who s in the upper part of the income distribution in america. he s affluent. he s payer more in taxes than mitt romney who s making magnitudes more money than he is. romney makes more in a week than ryan does in a year. what i love about the tax returns is it has to do not necessarily with what the individual details are but the way we keep getting this window on what the tax window looks like and what the income distribution in the country looks like. this is a perfect example of the fractal nature of inee kwachlt ryan is a rich guy but he s not in the same universe as mitt romney. and the other thing about the
poverty s role in this campaign. we know when money is speech, millionaires and billionaires get mega phones and the middle class gets muted. we know that because we crunched the numbers from the fec data that came out. and the adelsons have given a $36.3 million to super pacs. that s a rounded error for them, 0.3% of their net worth. and it would take $321,000 middle class families giving the equivalent amount of net worth to equal the same political voice the two people have. 321,000, that s a jaw-dropping statistic. i learned two things. my book dead wrong is the number one amazon kindle book under the history section. i m very proud of that because my previous books have been novels and put in entertainment sections. this is a history book. number two, i learned they are misusing ptsd to describe the murders in the sikh temple. ptsd, we can t demonize our
the first place. we ve already repealed the whole bill. i just don t think they ll be able to get out of the fact. that doesn t that doesn t make any sense. it means nothing and very often if you get conservative wonks deep into this they start babbling. there s a theory put out by one of the medicare trust fund hounds. it s an accounts fiction so what the law says is when the trust fund runs out of money, medicare can t spend any more than it collects in taxes. you re going to see an immediate 40% cut which is never going to happen. if you assume it happens what you can say is by following president obama s cuts now we push out the insolvency so it