| Revision as of 04:54, 19 March 2005 edit69.19.2.225 (talk)No edit summary | Revision as of 05:24, 19 March 2005 edit undo69.19.2.225 (talk)No edit summaryNext edit → | ||
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| The '''Revenue Act of 1945''' repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate dropped from 40 percent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). | The ] '''Revenue Act of 1945''' repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate dropped from 40 percent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). | ||
| ==See also== | ==See also== | ||
Revision as of 05:24, 19 March 2005
The United States Revenue Act of 1945 repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate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).