1935 Chicago IL newspaper Democrat FRANKLIN D ROOSEVELT TAX to "Soak the Rich"

Description

1935 Chicago IL newspaper - Democrat PRESIDENT FRANKLIN D ROOSEVELT 's  "Soak the Rich" TAX PLAN
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inv # 5U-212
SEE PHOTO----- An ORIGINAL NEWSPAPER, the
Chicago Tribune
(IL) dated Aug 18, 1935.
This newspaper contains a prominent front page heading and long detailed report of the
Democratic Party plan to "SOAK THE RICH" under the leadership of President Franklin D Roosevelt.
The Revenue Act of 1935, (Aug. 30, 1935), raised federal income tax on higher income levels, by introducing the "Wealth Tax". It was a progressive tax that took up to 75 percent of the highest incomes. It was signed into law by
President
Franklin D. Roosevelt
.
The 1935 Act also was popularly known at the time as the "Soak the Rich" tax.
TODAY (2021) it is promoted (by Democrat Elizabeth Warren) as a WEALTH TAX.
To solve the problem of tax evasion through loopholes, the
Revenue Act of 1937
revised tax laws and regulations to increase the efficacy of the tax.
Very good condition. Printed on high quality rag paper, just as white and supple as the day it came off the press in 1935. This listing includes the original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect your purchase from damage in the mail. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package.
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