Louis Brandeis

“ The rate of exaction imposed by the excess profits tax grows, in stages, with the increase in the percentage earned on the capital. In the first stage-net income up to 15 per cent. on capital-the rate of exaction is four-twentieths. In the second stage-net income from 15 to 20 per cent.-the rate is five-twentieths. In the third stage-net income from 20 to 25 per cent.-the rate is seven-twentieths. In the fourth stage-net income from 25 to 33 per cent.-the rate is nine-twentieths. ”

“ As the language of the act is clear, there is no room for the argument of plaintiff drawn from other revenue measures. Nor is there anything in La Belle Iron Works v. United States, 256 U.S. 377, 383-388, 41 Sup. ”