Republican BUSTED Avoiding Taxes

Wisconsin Senator Ron Johnson legally pays zero dollars in taxes for a trust fund, with Republicans claiming it is legal and thus forth proper and Democrats calling the system rigged for the wealthy. The Majority Report crew explains what an effective tax rate is and discusses the tax credit that has made it so Johnson pays zero dollars on what appears to be a hefty trust fund.

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Then you had like deductions you had um I don't know loopholes or whatnot and so the real you know ultimately like what people say is like well you know what is the effective rate like what exactly how much exactly are they paying in taxes as opposed to what the rate is. And there's always a disparity we have a corporate tax rate but if you look at like um well here's a perfect example supposedly State uh tax rate in Wisconsin. I think in a quarter percent for um for trusts not exactly sure what exactly what it applies to but I give you Ron Johnson, senator from Wisconsin...