Government debt hit a record $16 trillion last week, accompanied by the usual calls for tax increases to help plug the gap between revenue and expenditures. But for those who believe that the way out of our deficit includes raising taxes, there’s a cautionary study that suggests otherwise.

A study by the American Institute for Economic Research indicates that higher taxes are not the answer. In an examination of federal tax receipts as a percent of gross domestic product since World War II, the Institute concluded that federal receipts exceeded 20 percent of GDP only once, reaching 20.6 percent in 2000.

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