Tax officials are zeroing in on income tax evasion.

Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace.

Easy!

The opposition party put forward a bill to reduce income tax.

But this I just want to show you some data here.

It's a vicious circle.

An income tax is levied on any income that exceeds deductions.

It's the tax man.

At the till, we are all equals.

You're still solvent.

They serviced the loans.

The state would already have the money for a basic income, through the taxes it receives.

But in fact, both shares are paid by the company from the money which, as I mentioned before, comes from the customers.

The income from this source is tax free.

We pay an income tax at varying rates according to the size of income.

They would actually owe this extra 1 million.

The IRS might consider that to be income

Poorer households were to be paid a net payment by the state.

This tax is not paid by whoever brings the Latte Macchiato, but by whoever drinks it.

Helps bring it down.

So that's bankruptcy.

You go get bankruptcy protection.

And so how much would be spent on taxes?

We would create incentives for securitization.

It can do it through debt or equity.

I have 4 billion in residential CDOs, collateralized debt obligations.

Payable to the City of San Francisco.

The tax agent allowed the deduction.

You don't work for the IRS?

In Japan, the payroll tax is usually withheld from the monthly salary.

A special tax is imposed on very high incomes.

This income tax saving from interest deduction, this is assuming that at that marginal tax rate, you can deduct the property tax and the interest on the debt.

What is your strategy in your household?

You have 189,000 as the value of this equity.

Have a surplus? Take two tax cuts, roll back some regulations and call us in the morning.

Now let's say it gets even worse.

It's exciting, but we went over our finances and...

Income tax, on the other hand, pretends as if income were the real fruit of my labor because my income is what I bring back home.

Donations to philanthropic programs are tax exempt.

A man of wealth has to pay a lot of income tax.

Social Security numbers.

But there are also taxes in the price, that can't be seen, and that arise during the value adding chain.

Courtrooms, Sheriff's headquarters, detective bureau.

It allows let's say this group of borrowers let's say this pool of borrowers right here actually didn't

External debt something that I can tell you a long story about because I personally worked on one of the biggest debts on the continent has come down dramatically.