Freakonomics Radio · 2026-04-08 · 64 min · 9,824 words

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

Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

Hey there, it's Stephen Dubner, and where I live, it is springtime. That's when a lot of people start thinking about two of our national pastimes, baseball and paying taxes. This year, both of these pastimes 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. 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.

Today on Free Economics Radio, we don't have a baseball episode for you, but we do have a tax episode. This is an update of an episode we made last year with Jessica Riedel, a tax policy expert, who had published her list of the top 10 tax myths. In the episode you're about to hear, we have updated facts and figures as needed, and at the end you will hear from Riedel about what's changed since then. As always, thanks for listening.

In Washington, D.C., there is a set of people who move into town when their party comes to power, and who eventually leave once their party is voted out. These are the high-profile residents of DC, the ones who make headlines. But for every one of these people, there are thousands more that you rarely hear about or hear from. This is the other

That is the first couple of minutes. The rest is $1.

We already have this episode, so unlocking it is cheap and permanent: the full transcript (64 minutes, 9,824 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 10 episodes for $5, and monthly plans are cheaper still.

get it now

Ready in about two minutes.

Pay once, no subscription. Credits never expire.

Transcribing every week? Monthly plans start at $9, about 23 cents an episode.

Secure checkout by Stripe. No account needed: we create one from your email. By paying you agree to the terms.