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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (580881)6/6/2004 9:08:18 PM
From: Peter O'Brien  Read Replies (2) of 769670
 
Revenues from individual income taxes as a % of GDP
are roughly the same today as they were during WW2
(about 8% of GDP).

Are you suggesting that we need to be taxed *MORE*
than we were taxed during WW2 to fight the Iraq War?

Also, do you ever stop and think about
why those 90+% top marginal rates during WW2 were
not any more effective at actually raising revenue
(measured as a % of GDP) than today's much lower
top marginal rates?
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