It's Not Too Late for a War Tax

It's Not Too Late for a War Tax

In case you needed another reason to support a special war tax, try this on for size: The United States is still paying veterans' benefits to the children of Civil War soldiers. According to the Associated Press, two survivors are each receiving $876 dollars a year.

Meanwhile, 10 children are still drawing benefits for their fathers' service in the Spanish-American War, at an annual cost of $50,000. Benefits tied to World War I? $20 million a year. World War II? $5 billion. Korea? $2.8 billion. The costs for Vietnam are even higher (and still rising).

The take home is simple: Wars are expensive - in any number of ways, and for a very long time. And veterans' benefits are only a small part of the total...


View Joseph Thorndike's opinion in its entirety on the taxanalysts® Blog.

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