[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.
![[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives](http://cdn.quoteddaily.com/images/john-f-kennedy/high-income-tax-rates-not-only-check-consumption-but-discourage-investment-and-encouragethe-avoidance-of-taxes-rather-than-the-production.jpg)