Wed 08 Aug 12 | 11:10 AM ET

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Santelli: Even Olympians Need to Pay Their Taxes

Wed 08 Aug 12 | 11:10 AM ET

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.

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Fed Fears & Market Moves Fri 24 May 13 \| 06:30 AM	Joe Kernen Goes Off on 'Weinergate' Fri 24 May 13 \| 06:28 AM	Lafley Back at P&G Fri 24 May 13 \| 06:20 AM	Taper Talk Continues Fri 24 May 13 \| 06:14 AM	Global Markets Update Fri 24 May 13 \| 06:10 AM
Monaco Grand Prix: 'Anything Can Happen' Fri 24 May 13 \| 05:40 AM	Goldman Sachs Adopts Initiatives to Improve Business Fri 24 May 13 \| 05:30 AM	Adidas CEO on Expanding Soccer in the US Fri 24 May 13 \| 05:20 AM	Retail Investors Will Come Back into Nikkei: Pro Fri 24 May 13 \| 05:00 AM	German Growth Will Be Slower: Pro Fri 24 May 13 \| 04:00 AM
Economy a 'Long Way Short Off Normality': Pro Fri 24 May 13 \| 03:30 AM	Will the FTSE Rebound Quickly? Fri 24 May 13 \| 03:05 AM	Why Investing in Emerging Markets Is Attractive Fri 24 May 13 \| 03:00 AM	European Market Opens Higher Fri 24 May 13 \| 03:00 AM	Are Currency Wars a Concern? Fri 24 May 13 \| 02:55 AM
Fed Has Learnt From BoE's Policy: Bullard Fri 24 May 13 \| 02:40 AM	Why Staying in EU Is Better for UK Trade Fri 24 May 13 \| 02:35 AM	UK Doing Better Than Most Think: Pro Fri 24 May 13 \| 02:30 AM	Fed's Tapering Could Be Very Slow: Bullard Fri 24 May 13 \| 02:15 AM	US Inflation Too Low to Taper QE: Fed's Bullard Fri 24 May 13 \| 02:10 AM
'Big Moment for Japan': James Bullard Fri 24 May 13 \| 02:05 AM	US Inflation Is 'Wildcard': James Bullard Fri 24 May 13 \| 02:00 AM	How to Trade USD/JPY Fri 24 May 13 \| 01:20 AM	Euro Zone 'More Stable' Than a Year Ago: Draghi Fri 24 May 13 \| 01:09 AM	Global Economy Getting Stronger: Pro Fri 24 May 13 \| 01:00 AM

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Santelli: Even Olympians Need to Pay Their Taxes

Santelli: Even Olympians Need to Pay Their Taxes

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