Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Tierra_y_Libertad

(50,414 posts)

7. LBJ got a 10% surtax to pay for his little venture in Vietnam to save us from the bogeyman.

Reply to tecelote (Original post)

Sun Dec 27, 2015, 03:24 PM

Dec 2015

http://www.forbes.com/2009/11/25/shared-sacrifice-war-taxes-opinions-columnists-bruce-bartlett.html

In 1968, a 10% surtax was imposed to pay for the Vietnam War, which raised revenue by about 1% of GDP. And there was conscription during both wars, which can be viewed as a kind of tax that was largely paid by the poor and middle class–young men from wealthy families largely escaped its effects through college deferments.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

Bring Back the War Tax [View all] tecelote Dec 2015 OP

Wars should always be voted on by the entire congress and if they say "WAR" SoCalDem Dec 2015 #1

Exactly. tecelote Dec 2015 #2

Yep. Make the top 5% pay for it all n2doc Dec 2015 #3

There should be no such thing as war profiteering TexasBushwhacker Dec 2015 #4

You have my vote. tecelote Dec 2015 #5

So, right-to-lifers have been successful in blocking... 3catwoman3 Dec 2015 #6

LBJ got a 10% surtax to pay for his little venture in Vietnam to save us from the bogeyman. Tierra_y_Libertad Dec 2015 #7

An all volunteer military is disproportionately poor kids too TexasBushwhacker Dec 2015 #8