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The ] '''Revenue Act of 1945''' repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38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).<ref name="PSQ">{{cite web|last1=Shoup|first1=Carl S.|title=The Revenue Act of 1945|url=https://www.jstor.org/stable/2144666?seq=1#page_scan_tab_contents|website=Political Science Quarterly|accessdate=August 23, 2016|pages=481–491|doi=10.2307/2144666|date=1 January 1945|subscription=yes}}</ref> The ] '''Revenue Act of 1945''', Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38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).<ref name="PSQ">{{cite web|last1=Shoup|first1=Carl S.|title=The Revenue Act of 1945|url=https://www.jstor.org/stable/2144666?seq=1#page_scan_tab_contents|website=Political Science Quarterly|accessdate=August 23, 2016|pages=481–491|doi=10.2307/2144666|date=1 January 1945|subscription=yes}}</ref>


==References== ==References==

Revision as of 17:42, 23 August 2016

The United States Revenue Act of 1945, Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate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

  1. Shoup, Carl S. (1 January 1945). "The Revenue Act of 1945". Political Science Quarterly. pp. 481–491. doi:10.2307/2144666. Retrieved August 23, 2016. {{cite web}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)

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