TAXATION: The Burden

Franklin Roosevelt wanted a few more hours in which to study the 1941 tax bill before he made it law by his signature. In his quiet library at Hyde Park he spread the bill open under his shirt-sleeved arms, began to check it against the Treasury's analysis.

Well might the President consider carefully before signing that mammoth document. It is the biggest tax bill in U.S. history. To the $9,500,000,000 which the U.S. would have paid next year under the present tax rates, it adds another $3,553,400,000, a sum that in 1927 would have run the U.S. Government for a whole...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!