Quote – Otto H. Kahn, New York Times.

Another seriously untoward effect unavoidably inherent in inheritance taxation is that by such taxation a portion of the capital fund of the nation is transferred into the coffers of the Government, and by it used for operating expenses.

Otto H. Kahn quoted in “Kahn Sees Menace in Inheritance Taxation,” New York Times,

Friday, February 29, 1924
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