But the incentives are misplaced too, in terms of how the application plays out. So the American people, the to their everlasting credit, have the highest tax compliance in the world. 86% of the American people [...] pay their taxes on time. on time. And the reason for that is withholding. That's the genius of the withholding system. And that's why the problem in a lot of young athletes, it's not isolated from a lot of star entertainers. (01:47–01:54)
CLAIM
Asserts that 86% of Americans pay their taxes on time.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.