The total federal tax take as a percent of GDP is now the lowest in 60 years.

Reader comment on: Rove, Hubbard Back Tax Increase

Submitted by Lyle (United States), Feb 10, 2010 08:42

It was noted in a budget hearing that the total federal tax take is under 18% of gdp compared to an average of 20 %. In order to fix the deficit problem it has to come back to at least the average value. I like the idea of a vat and abolishing the corp tax, because its to easy to game the corp tax. The individual income tax is a bit harder to game as to really avoid it you have to renounce us citzenship.

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Title By Date
⇒ The total federal tax take as a percent of GDP is now the lowest in 60 years. [85 words]LyleFeb 10, 2010 08:42
on taxes [50 words]pslFeb 8, 2010 20:42

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