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Politics : President Barack Obama
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To: Tenchusatsu who wrote (122265)10/2/2012 6:15:14 PM
From: Wharf Rat  Read Replies (1) of 149317
 
I assume they didn't take the loopholes they manged to write into the code in later years. Economic patriotism was an unspoken belief in those simpler times.

Quotations from the Honorable George Romney...

“There has been no resort to tax shelters involving large deductions for such things as depletion or depreciation.”

thorndike.com
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