In an address given to the 28 November 1944 meeting of the Taxation and Price Division of the New York Chapter of the American Statistical Association, the author analyzed projected employment in the next three years (52 million), the national income that can be taxed on that basis ($120 billion), the likely revenue from individuals that could be obtained ($40 million), and the yield from individual income taxes according to various tax schedules ($6.7 billion to $14.0 billion). With a need for $9.9 billion in federal income, no reduction in corporate or individual taxes was foreseen. The major emphasis and recommendation is to remove taxes that prohibit obtaining the $120 billion—in particular, the excess-profits tax and the double taxation of dividends.