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Former boxer Mike Tyson hopes ObamaCare saves his family money

Boxer Mike Tyson said Monday that he hopes the president's signature healthcare law will help his family save money as he works to pay off millions in back taxes he owes the federal government.

During an appearance on "Fox and Friends" on Monday, Tyson was asked if he agreed with Republican presidents like George W. Bush and Ronald Reagan who advocated lower income tax rates for the wealthiest Americans.

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Tyson acknowledged that while his wife and family were all committed liberals, "I had more money when Bush and Reagan was president."

“My wife is going to kill me for that one," he added.

But Tyson said he's hopeful that the president's healthcare legislation will reduce his expenses.

I’m going to work on that, too, with this Obama administration, hoping this ObamaCare helps us keep some money,” Tyson said.

But despite owing a substantial debt to the federal government, Tyson said he looks "forward to paying my taxes."

"I know that they say that’s legal extortion, but I’m living in this country, and if I have to pay taxes — that’s the money I paid for my life on earth," Tyson said.