meta_pixel
Tapesearch Logo
Log in
Freakonomics Radio

Ten Myths About the U.S. Tax System (Update)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.532.8K Ratings

🗓️ 8 April 2026

⏱️ 64 minutes

🧾️ Download transcript

Summary

Nearly everything that politicians say about taxes is at least half a lie. They are also dishonest when it comes to the national debt. In this update of an episode from 2025, Stephen Dubner finds one of the few people in Washington who is willing to tell the truth — and it’s even worse than you think.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, it's Stephen Dubner. And where I live, it is springtime. That's when a lot of people

0:10.8

start thinking about two of our national pastimes, baseball and paying taxes. This year, both of these

0:18.1

past times have some rule changes. Major League Baseball has finally allowed the use of computers to keep human umpires from making bad calls on balls and strikes.

0:27.8

And in tax matters, we have a variety of changes brought about by President Trump's one big beautiful bill act, which was signed last year.

0:35.5

Today on Freakonomics Radio, we don't have a baseball episode

0:38.7

for you, but we do have a tax episode. This is an update of an episode we made last year with

0:44.6

Jessica Reedle, a tax policy expert who had published her list of the top 10 tax myths.

0:51.2

In the episode you're about to hear, we have updated facts and figures as needed,

0:55.7

and at the end, you will hear from Reidel about what's changed since then. As always,

1:00.5

thanks for listening. In Washington, D.C., there is a set of people who move into town when their party comes to power

1:12.0

and who eventually leave once their party is voted out. These are the high-profile residents of D.C.,

1:18.6

the ones who make headlines. But for every one of these people, there are thousands more

1:24.3

that you rarely hear about or hear from. This is the other Washington, D.C.

1:30.3

These people work behind the scenes on all sorts of important matters, like U.S. tax policy

1:36.7

or the runaway national debt. Our guest today is a specialist in both those matters.

1:45.5

My nonpartisan approach is to be critical of everybody in Washington.

1:50.6

Do you have any friends?

1:52.1

No.

1:52.9

Not really.

1:54.9

Much of my policy has been sharing uncomfortable truth and, frankly frankly angering people.

2:01.8

So do you see yourself as someone who's sounding the alarm?

2:06.4

Absolutely. I've been sounding the alarm since 2001.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Freakonomics Radio + Stitcher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Freakonomics Radio + Stitcher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.