Political Quotes

Bill Taft: “The tax on net income is preferable to one proportionate to a percentage of the gross receipts, because it is a tax upon…”

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.
Said by
Bill Taft
Republican · Ohio

Editor's note · Context

Message to the Congress Concerning Tax on Net Income of Corporations

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