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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow about a War Tax ?
How about a war tax to repay some of the deficit caused by the Iraq and Afghanistan Wars? How could the Repukes be against this? The idea goes back to our early history? They love, love, love war. Plus, it was their president who waged it unfunded (not to mention it was unfounded as well).
Old data, I know, but just to make the numbers easy...there were about 100 million who paid federal income taxes in 2008. If every one of these people and corporations paid a one time "war tax" of $30, that could raise $3 trillion, if my math is right.
The most recent major report on these costs come from Brown University in the form of the Costs of War project,[1] which said the total for wars in Iraq, Afghanistan, and Pakistan is at least $3.2-4 trillion
http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War
http://www.irs.gov/uac/Tax-Stats-2
REVENUE FOR WAR
Alexander Hamilton was not the first man in history with the dilemma of how to raise money to pay for war. The need for a government to be able to pay for troops and supplies in wartime had been a major reason for ancient Egyptians, Romans, medieval kings, and governments around the world to increase taxes or to create new ones.
The U.S. government faced a similar dilemma during the War of 1812. Based on the British model, the U.S. government considered raising money for the war through an income tax. However, the war ended before the income tax was officially enacted.
The idea of creating an income tax resurfaced during the American Civil War. Again considered a temporary tax to raise money for a war, Congress passed the Revenue Act of 1861 which instituted an income tax.
JUSTIFICATION FOR GRADUATED TAX, IN HISTORY
http://history1900s.about.com/od/1910s/a/incometax.htm
Bigmack
(8,020 posts)Laura PourMeADrink
(42,770 posts)might be a factor to add to include help for returning Vets