Despite Multitudes of Tax Rate Changes, USA Inc.’s Tax Revenue as Percent
of GDP Remained Roughly Stable at 15-20% from 1960-2002
Federal Tax Receipts by Category as % of GDP, 1960 - 2009
= Individual Income Corporate Income _& Social Insurance Excise & Other
50- | Trendline
Ngan
10%
Federal Tax Receipts as % of GDP
0% 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
KP Source: White House OMB (@)E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 399
Focus on Revenues
Consider
pangs Mer Reduce Subsidies / Tax Expenditures*/ ENaC Broaden Tax Base
KP www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 400
HOUSE_OVERSIGHT_021041