Star Weekly Magazine, Buy War Bonds, May 8th 1943. Reginald Cole, Bonavista, 709-363-7975. The U.S. government's expenditure during World War II was substantial, rising from $9 billion in 1939 to $98 billion in 1945. To finance this, the government increased taxes and introduced the concept of automatic tax deductions from paychecks, starting June 10, 1943. However, taxation alone was not sufficient, and the sale of war bonds became a critical component of the government's financing strategy
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