"In time of this grave national danger,..." - Quote by Franklin D Roosevelt
In time of this grave national danger, when all excess income should go to win the war, no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.
More by Franklin D Roosevelt
“More than an end to war, we want an end to the beginning of all wars - yes, an end to this brutal, inhuman and thoroughly impractical method of settling the differences between governments.”
“Repetition does not transform a lie into a truth.”
“It [concentration of wealth and power] has been a menace to . . . American democracy.”
More on Taxation
“Government always finds a need for whatever money it gets.”
“I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.”
“Baseball is a skilled game. It's America's game - it, and high taxes.”
More on Income
“There is no income tax in Russia. But there's no income.”
“Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.”
“If your Income Taxes go to help out the less fortunate, there could be no legitimate kick against it in the world. This is becoming the richest, and the poorest Country in the world. Why? Why, on account of an unequal distribution of the money.”