Summary
3 key facts about taxes in 3 minutes or less.
Check out the reference documents here: http://www.threekeyfacts.com
Transcript
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| 0:00.0 | Welcome to 3 and 3. Three key facts in three minutes or less on the topics you care about most. |
| 0:12.5 | Taxes. Key fact number one. Houser's Law. The findings as the basis for Houser's Law were first |
| 0:18.8 | published by investment economist W. Kurt |
| 0:20.8 | Hauser in 1993, which showed no matter what the tax rates have been, in post-war America, |
| 0:26.8 | tax revenues have remained at about 19.5% of our GDP, with a surprisingly stable variability |
| 0:33.7 | hovering between 16 and 20%, regardless of the tax rates. |
| 0:38.9 | Key fact number two, corporate tax numbers. |
| 0:42.1 | Though we often hear that corporations in the United States need to begin paying their fair share, |
| 0:46.3 | before Donald Trump's tax cuts went into effect in the United States, |
| 0:49.3 | the United States had the highest corporate tax rate of any developed country in the world |
| 0:53.9 | at 38.9%. And key fact |
| 0:57.4 | number three, the top earners pay nearly all of the taxes. Despite what you've heard regarding |
| 1:02.4 | people paying their fair share and the wealthiest X percent, the numbers are inescapable. The top 50 |
| 1:07.9 | percent of earners in the United States pay 97 percent of all taxes. Again, the top 50% of earners in the United States pay 97% of all taxes. Add it all up, you get Hauser's Law, the corporate tax numbers, and those who pay taxes in this country, in reality reality as opposed to what you've heard. |
| 1:31.0 | This has been three and three. |
| 1:33.4 | I'm Stephen Crowder. |
| 1:34.3 | If you want to learn more, you can peruse the references for this specific show at three keyfacts.com. |
| 1:39.6 | Or tune in to the hour-long daily show, Louder with Crowder, weekdays at 10 a.m. Eastern on Rumble, |
| 1:45.5 | YouTube, or right here, anywhere you get your podcasts. |
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