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Old 06-10-2010, 17:06   #7
nmap
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Join Date: Jun 2007
Location: San Antonio, Texas
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Apropos of your observations, you might find the following LINK from the WSJ of interest - in particular, Hauser's Law. In essence, despite changes in tax rates, total revenue tends to stay at about 19% of GDP.

The article suggests that revenue projections above this rate will tend to be overly optimistic, implying further increases in national debt.

The relationship is not free of controversy; a search on Hauser's Law will reveal strong supporters and opponents.
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