Exemptions from Income Taxation

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor.

Limited Scope of Roosevelt's Tax Message

The Letter of Secretary Morgenthau which President Roosevelt incorporated in his tax-evasion message of June 1 noted the Treasury's surprise and disturbance over failure of income-tax receipts to measure up to budget estimates and, attributing that failure to widespread resort to evasive devices for reduction of tax liability, advanced the opinion that “if tax evasion and tax avoidance can be promptly stopped through legislation and regulations resulting from a special investigation, a very large portion of the deficiency in revenues ...

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