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Thursday, October 11, 2012. Taxing Only the Rich Doesnt Raise More Revenue. This caused President Woodrow Wilson himself to urge Congress to reconsider whether very high tax rates were productive in collecting revenue. Wilson said that, beyond some point,. High rates of income and profits taxes discourage energy, remove the incentive to new enterprise, encourage extravagant expenditures, and produce industrial stagnation with consequent unemployment and other attendant evils. Many believe it was the r.CONTENT
This web page sayscoco.blogspot.com states the following, "Thursday, October 11, 2012." We saw that the webpage said " Taxing Only the Rich Doesnt Raise More Revenue." It also said " This caused President Woodrow Wilson himself to urge Congress to reconsider whether very high tax rates were productive in collecting revenue. Wilson said that, beyond some point,. High rates of income and profits taxes discourage energy, remove the incentive to new enterprise, encourage extravagant expenditures, and produce industrial stagnation with consequent unemployment and other attendant evils. Many believe it was the r."