So quit relying on those estimates and focus on a simple tax system which starts with recognizing where we get the revenue from and also how we spend through the tax code. I don't think very many people realize that Tax expenditures are about $1.7 trillion. About in 2024, there was 6% of our GDP. If you want a metric to tell you how complex your tax system is, take a look at your top marginal rate compared to the effective rate in that delta tells you've got a really complex tax system. (16:42–16:51)
CLAIM
Asserts that tax expenditures are approximately $1.7 trillion, constituting about 6% of GDP in 2024.
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