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Little fellow pays most of the taxes. Washington, D.C., Nov. 8. The House Ways and Means Sub-Committee learned today that taxpayers in the income bracket from $5,000 to $25,000 a year make most of the Capital gains and pay most of the tax, treasury experts who gave the information also presented a table showing that the Capital gains tax yielded $516,000,000 in 1929 and brought in approximately $85,000,000 last year, photographed at the hearing today were left to right: Cong. Robert Doughton, Chairman of the House Ways and Means Committee; Roswell Magill, Undersecretary of the Treasury; and Cong. Fred Vinson, Chairman of the House Sub-Committee. 11/8/37

Little fellow pays most of the taxes. Washington, D.C., Nov. 8. The House Ways and Means Sub-Committee learned today that taxpayers in the income bracket from $5,000 to $25,000 a year make most of the Capital gains and pay most of the tax, treasury experts who gave the information also presented a table showing that the Capital gains tax yielded $516,000,000 in 1929 and brought in approximately $85,000,000 last year, photographed at the hearing today were left to right: Cong. Robert Doughton, Chairman of the House Ways and Means Committee; Roswell Magill, Undersecretary of the Treasury; and Cong. Fred Vinson, Chairman of the House Sub-Committee. 11/8/37

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Library Of Congress

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