Tuesday, September 27, 2011

Revenue to GDP

W. Kurt Hauser: There's No Escaping Hauser's Law - WSJ.com:

The history of taxation in the US shows that one has a maximum revenue choice unless we drastically change taxation with something like a VAT.

Since the '50s we have been running between 15 and 19% of GDP through good and bad. So the max is 19% of a growing GDP pie.

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