On the recordApril 12, 1938
There is no fairness in taxing the salaried man and the merchant upon their incomes and taxing at far lower rates the profits on the capital of the speculator.
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presidency.ucsb.eduFDR: “There is no fairness in taxing the salaried man and the merchant upon their incomes and taxing at far lower rates the…”
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Letter on the Tax Bill
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