* * * * *
“So why raise taxes again?”
> Mr. Hauser uncovered the means to answer these questions definitively. On
> this page in 1993, he stated that “No matter what the tax rates have been,
> in postwar America tax revenues have remained at about 19.5% of GDP (Gross
> Domestic Product).” What a pity that his discovery has not been more widely
> disseminated.
>
Via Flutterby [1], “You Can't Soak the Rich [2]”
Interesting …
Perhaps if the Democrats get control of the government come November, they
could try simplifying the tax code before raising taxes …
[1]
http://www.flutterby.com/archives/comments/11211.html
[2]
http://online.wsj.com/article/SB121124460502305693.html
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