Updated

This is a rush transcript from "Hannity," April 15, 2014. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: Today's the day that most Americans dread all year. It's Tax Day, and the money taken out of your pockets by the federal government is downright shocking. In 2013, the individual income tax generated by the federal government topped $1.3 trillion, and next year, that number is expected to rise even more. No end to how much the federal government wants your money.

So we have to ask ourselves, where's all that money going?

Now, earlier today, we sent the co-host of "Fox & Friends," our good friend, Ainsley Earhardt, out to see what people think about how much cash is being taken out of their wallets. Take a look.

(BEGIN VIDEOTAPE)

AINSLEY EARHARDT, CO-HOST, "FOX & FRIENDS FIRST": Do you think that the rich are paying their fair share?

UNIDENTIFIED MALE: No, probably not.

UNIDENTIFIED FEMALE: I do not think the rich pay their fair share in taxes, no.

EARHARDT: CEO of Liberty Tax Service. We're asking people, do you think the rich are paying their fair share?

UNIDENTIFIED MALE: I think the rich are paying their fair share, yes.

EARHARDT: How much do you think they should be paying?

UNIDENTIFIED MALE: Same as the rest of us.

EARHARDT: They're paying 71 percent of our federal income tax. Is that -- are they paying their fair share?

UNIDENTIFIED MALE: After seeing that, I'm assuming we are. Yes, we are.

EARHARDT: Do think they're paying their fair share?

UNIDENTIFIED MALE: Somewhat.

EARHARDT: Seventy-one percent, what's in blue here, that is all paid by the top 10 percent income earners.

UNIDENTIFIED FEMALE: OK.

EARHARDT: Does that shock you?

UNIDENTIFIED MALE: Not really.

EARHARDT: No, you think they should be paying more?

UNIDENTIFIED MALE: Well, I don't know.

EARHARDT: You think they're paying their fair share?

UNIDENTIFIED MALE: Oh, definitely not.

EARHARDT: Does that change your mind now?

UNIDENTIFIED MALE: At least they're paying -- apparently, most of it.

UNIDENTIFIED MALE: We think they do. They're probably paying majority of the taxes in America.

UNIDENTIFIED MALE: I think that a lot of people get blown away by how much money they can have and they'll die and they'll have all this money, and I think that there's a lot more important things in life than money.

UNIDENTIFIED MALE: I want there to be incentives for people to aspire to wealth because I think that helps all of us prosper.

(END VIDEOTAPE)

HANNITY: All right, Ainsley's here with much more. Interesting. A lot of -- oh, they don't pay their fair share -- did you change their minds?

EARHARDT: I think I did! Several of them were shocked when they saw the statistics because we mapped it -- we showed them that chart.

HANNITY: The bottom 50 percent pay next to nothing.

EARHARDT: Yes, it's crazy. The top 10 percent of all earners in our country are paying 71 percent of the federal income tax. That doesn't include city taxes. It doesn't include state tax. So the top 10 percent are paying the majority, yet earning 45 percent of all the income. And if you compare to it the bottom half, the bottom 50 percent in our country that are earners, that are making a paycheck, they're earning 12 percent of the income and they only pay two percent of the federal income tax.

HANNITY: I'd like to move Tax Day to Election Day because a lot of people now are finishing their taxes, they just sent it in, getting it postmarked right now.

EARHARDT: You think people would vote a different way.

HANNITY: I think -- I think it would impact elections. I really do.

EARHARDT: Well, everyone in the country has seen our taxes go up this year. The average person is seeing an increase of 1.8 percent. And I'm reading a lot of articles about this over the course of the last few days, and many of them are saying this is the result of the fiscal cliff debate, saying that there's a bump in the top ordinary income rate. The top income earners were paying 35 percent. Now they're paying 39.6 percent, a new limit on itemized deductions, an increase in top rate on investment incomes. So we're all feeling the burden of this.

And in 2014, this year, the Heritage tax expert Curtis Dubay (ph) is his name -- he says that there were 13 different tax increase this year...

HANNITY: Wow.

EARHARDT: ... and six of them are attached to ObamaCare.

HANNITY: One of them -- yes, I was going to say, ObamaCare, big part it.

EARHARDT: Six of them, he says.

HANNITY: Ainsley, great reporting. We'll see you tomorrow morning at 5:00 a.m., "Fox & Friends First"

EARHARDT: OK. Happy Tax Day! It was a dreary day out there, raining...

(CROSSTALK)

HANNITY: You got wet for the team.

EARHARDT: Hey, it's Tax Day. It had to be raining, right?

HANNITY: It did.

Now, earlier today, the co-founder of the Tea Party Patriots, Jenny Beth Martin, she helped demonstrate -- we went to the "Hannity" big board -- just how unfair and unbalanced America's tax code really is. Take a look at this.

(BEGIN VIDEOTAPE)

HANNITY: And Jenny Beth Martin, Tea Party Patriots, is with us, of which I am a proud member, and we are partners in radio. So it's good to see you.

Here it is tax day once again. Let's look at this chart here. Who -- we always hear, are they paying their fair share, the rich paying their fair share? All right, now let's look. Seventy-one percent -- now this is all the blue here. Explain.

JENNY BETH MARTIN, TEA PARTY PATRIOTS: So 71 percent of the taxes that are paid are paid by the income earners who earn 10 percent...

HANNITY: The top 10 percent pay 71 percent. But you always year, oh, wait a minute, they don't pay their fair share. Well, the top 10 percent pay all of this blue as a percentage, which is pretty -- let's go around again. Around we go. See? There we are. Anyway, if can put that on -- you just go right around here. That's the top 10 percent, and everything in between here.

OK. Now, then we have -- explain the second part. This is the red here.

MARTIN: So people who are in the -- who earn 10 percent to 50 percent of the income, they pay 27 percent of the taxes. And those who are in the bottom 50 percent of...

HANNITY: This is what, the bottom 50 percent, because you always say income inequality, pay your fair share. The bottom 50 percent of wage earners pay this, I can almost fill it in in one line. There you go. That's what they pay.

All right, so, let's move on. One of the questions that always comes up, the percentage of Americans that pay no income tax. This is a huge number because we're dealing with half the country that is paying zero and many of those are also getting government benefits.

MARTIN: They are. And, Sean, you know, when we're looking at these charts and we see this number and we look at the previous charts, I just keeping thinking of this the government gets all of this tax money from so many people and yet they are still borrowing so much money and we have a $17 trillion debt.

HANNITY: And $90 trillion in unfunded liabilities.

MARTIN: Yes.

HANNITY: What do you think the impact is, because Barack Obama when he was running for office said that George Bush, $9 trillion in debt was irresponsible and unpatriotic. He will himself accumulate more debt than every other president before him combined.

MARTIN: Combined. He is continuing to spend that money. We have a Congress that is continuing to spend that money. And they are not doing what is necessary to actually balance the budget. They want to balance the budget in 10 years from now rather than addressing the problems right now. At Tea Party Patriots we support a simple plan to address this. Simply reduce the government spending by one penny for every dollar.

HANNITY: You and I support the same thing. It's the penny plan. You've got one penny out of every dollar for every dollar the government spends, and you do it every year for six years we get to a balanced budget because the economy grows.

Jenny Beth Martin, always good to see you, appreciate it.

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