Revenue Act of 1945
In this article, we will explore the fascinating life of the famous Revenue Act of 1945, whose contributions have left an indelible mark on history. From his humble beginnings to his rise to the top, Revenue Act of 1945 has captivated people of all ages and from all walks of life. Throughout these pages, we will discover the achievements, challenges, and important moments that have defined Revenue Act of 1945's journey, as well as his lasting impact on the world around him. Join us on this journey through the life of Revenue Act of 1945 and discover how his legacy continues to inspire and influence generations to come.
The United States Revenue Act of 1945, Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate dropped from 40 percent to 38 percent).
References
- ^ Shoup, Carl S. (1 January 1945). "The Revenue Act of 1945". Political Science Quarterly. 60 (4): 481–491. doi:10.2307/2144666. JSTOR 2144666.
External links
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