Word: maximumâ
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...simplify them so that anyone can understand them. Both his Republican and his Democratic hearers appeared to like this idea. He said Secretary Mellon was "eternally right" in saying that lower surtaxes would yield more revenue. He wanted much lower inheritance taxes?say, 15% instead of 40% maximum???but did not think they should be abolished. He wanted a board created to clear up ancient tax cases from 1916 and 1917 "with an axe if need be." He wanted salaries of $10,000 a year and a long term of office for officials who had to make important tax case...
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