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Santelli: Even Olympians Need to Pay Their Taxes

11:10 AM ET Wed, 8 Aug 2012

In this excerpt from his "Santelli Exchange," Rick says the understandable desire of the American people to excuse U.S. Olympians from paying taxes on their winnings is an example of how the country's tax code has become "horrible." He then ties that view to the ongoing debate in Washington on whether wealthier Americans should have their Bush-era tax cuts continue and how "wealthy" is defined.