Tag Archive for "Income" | Calvin Coolidge Presidential Foundation

Calvin Coolidge Says, May 28, 1931

February 17, 2021

Date: May 28, 1931 Location: Northampton, MA (Original document available here) Secretary Mellon has convincingly stated the approaching necessity of devising a tax system when business becomes normal to make national revenues more nearly depression proof. Assessing taxes where they can best be borne is sound enough. The rich are necessarily the immediate source of […]

Calvin Coolidge Says, March 17, 1931

January 21, 2021

Date: March 17, 1931 Location: Northampton, MA (Original document available here) Tax returns made in 1930 reveal incomes that are beyond human comprehension. The total is over one hundred and forty-one billions of dollars gross and thirtyfive billions net. Four-fifths belong to individuals and one-fifth to corporations. About four million individuals and five hundred thousand […]

Calvin Coolidge Says, March 23, 1931

January 19, 2021

Date: March 23, 1931 Location: Northampton, MA (Original document available here) The experience of the last year and a half has done much to demonstrate the economic unity of the country. In a general way prosperity and depression are rather evenly divided among all classes of producers. The years following the war brought a good […]