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| The ] '''Revenue Act of 1945''' repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38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 | The ] '''Revenue Act of 1945''' repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38 percent). | ||
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Revision as of 04:15, 17 December 2009
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The United States Revenue Act of 1945 repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate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).
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