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Who Pays What In Taxes?

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The question came into sharp focus when Mitt Romney's tax forms revealed he paid just under 14 percent on $42 million in income over two years.

Billionaire Warren Buffet says he pays around 17 percent -- and he compares that to some of his employees who pay a greater percentage. We set out to find out who pays what in taxes, why, and ask, what's fair? It turns out to be a complex question with lot of opinions — and heavily debated facts, check out the links below.

Guest:

  • David Cay Johnston, Reuters columnist, professor of tax law at Syracuse University

This segment aired on February 2, 2012.

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