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It's a hand written note, we might note.
A hand written note.
What's the date on that?
I've got to look on the outside--April 30. Pretty fast
return mail. Then I had an address I could send things to that get
things to her. So I wrote back saying, “Dear Nancy how very
thoughtful of you to write me that lovely note as you took off for
your latest voyage. I was of course happy to see public confirmation
of your word in the papers day before yesterday. Your flamenco[?]
was real stylish, as I see in the color pictures in this week's
TIME. Many thanks and best wishes.” That was May 13. I found that
rather surprising. In effect, that's what has a lot to do with
changing Treasury One into Treasury Two. Treasury Two was the second
tax reform act, which appeared to be an enormous improvement over
Treasury One until somebody discovered in the small print at the
bottom that there was a thing called “minimum tax.”
[End Cassette One, Side One]
[Begin Cassette One, Side Two]
Which, in effect, taxed all gifts of appreciative property
at a twenty-eight percent rate. So, the victory was not as complete
as I thought it was.
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