A.R.
Three is the hardest age a child goes through - literally. They are just starting to realize that the world does not revolve around them and they are furious about it. Also, their minds are on overdrive development but they don't have the maturity to handle what comes up there... so they think that if THEY think it, everyone ELSE can hear it or will agree.
It's a tough age all the way around A.. What parents often miss is that talking to kids at this age is what works best. Long talks alone about lots of things - not just the "bad" behavior, will help him to find a ally in the house.
At this stage he desperately needs the message: I CAN THINK AND FEEL AT THE SAME TIME. The reason for this is that they consistently find their feelings directing their thoughts. Both of them being BIG, it is important for them to cognitively start to understand the difference between feelings and thoughts.
Write this message on a piece of paper (or two or three) and place it around the house. Point to it often and talk about it when nothing is going on. When he is having a "fit" remind him that he can think and feel at the same time. What will happen is he will stop the behavior and start to think. This is important - that he THINK instead of behave out of a place of distress.
Don't get caught up in the belief that "this is a stage that he will grow out of." If you don't teach him that he can think and feel, he will never learn to do either and will turn into just another guy who can't relate to his wife and kids later on. And time-outs don't work - they will just make him mad. And with all that time to think and feel without understanding the consequences, he'll be plotting his next move...