Bloomberg News

Tax Returns Add Fuel to Tax Debate Fire

April 13, 2012

President Barack Obama and his wife, Michelle, paid a 20.5 percent federal tax rate on $789,674 in adjusted gross income for 2011, according to tax returns released today by the White House. Hans Nichols and Peter Cook report on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)

Running Time: 04:33


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