I think it's time I told you something I should have told you a long time ago.
Why not "I tell you something" is used.
The idiom requires the preterite : It's time we did something about it. It's time you saw that great movie. (Also: It's time for you to see that great movie.
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The idiom requires the preterite:
It's time we did something about it.
It's time you saw that great movie. (Also: It's time for you to see that great movie.)
CB
virat1971I think it's time I told you something I should have told you a long time ago.
Why not "I tell you something" is used.
American English uses both. Even in that variety of English the past is used more often.
CJ