# How To Fix The American Tax System - ft. Ray Madoff

Page: https://stenobird.com/podcast/capitalisn-t-910873/how-to-fix-the-american-tax-system-ft-ray-madoff
Text version: https://stenobird.com/podcast/capitalisn-t-910873/how-to-fix-the-american-tax-system-ft-ray-madoff.md
Podcast: [Capitalisn't](https://stenobird.com/podcast/capitalisn-t-910873)
Published: 2026-01-06T12:00:00+00:00
Episode link: https://capitalisnt.com/episodes/how-to-fix-the-american-tax-system-ft-ray-madoff-LF0o6ucd
Audio file: https://dts.podtrac.com/redirect.mp3/afp-920658-injected.calisto.simplecastaudio.com/912f8fce-96d2-4583-92f5-2279c08e377a/episodes/600eecfc-1f90-4558-a292-59b8696d01c3/audio/128/default.mp3?aid=rss_feed&awCollectionId=912f8fce-96d2-4583-92f5-2279c08e377a&awEpisodeId=600eecfc-1f90-4558-a292-59b8696d01c3&feed=XytPkydI
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Duration seconds: 3286

## Resource

We are often told that the top 1% of earners already pay 40% of all taxes, while nearly half of Americans pay nothing at all. Legal scholar Ray Madoff argues that this statistic is a deliberate "bait-and-switch" designed to confuse the public.

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## Transcript

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