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-year Trendline O 20% ---------------- +--+ +--+ - 2-22-22 2-222 2 Fee eee e229 ---------------- a o) So = ioe bolle-t on f-> LL ee oh aPaee < me oe mE & 15% - | -f- -f- LILLIA TLL : . gL ETHAN HT] | cel) rf 10% | TEU EI- -f- -f- oe Ge eee -[- | F Bd y-5- & g 3 0% 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 KP Source: White House OMB. i USA Inc. | What Might a Turnaround Expert Consider? 399 Focus on Revenues Consider Changing Tax Reduce Subsidies / Tax Expenditures*/ Policies Broaden Tax Base (@)E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 400 HOUSE_OVERSIGHT_021041