On the recordJune 15, 1909
The tax on net income is preferable to one proportionate to a percentage of the gross receipts, because it is a tax upon success and not failure.
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presidency.ucsb.eduThe tax on net income is preferable to one proportionate to a percentage of the gross receipts, because it is a tax upon success and not failure.
Message to the Congress Concerning Tax on Net Income of Corporations
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