Rich people, people have their invest in stocks, that kind of stuff, and they can weather the storm. But in terms of taxes, I hate our current tax code. It's grotesquely complex, Costs about $400 billion a year to comply with [the current tax code]. I want to simplify and rationalize it, but the first thing we have to do is take a massive automatic tax increase off the table. So I've actually proposed a three step reconciliation process. (09:51–09:55)
CLAIM
Asserts that compliance with the current tax code costs $400 billion annually.
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