Revenue Act of 1945
The United States Revenue Act of 1945 repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate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).
External links
This article is issued from Wikipedia - version of the Thursday, January 08, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.