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| The ] '''Revenue Act of 1945''', Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38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 |
The ] '''Revenue Act of 1945''', Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the ], reduced individual ] rates (the top rate fell from 94 percent to 86.45 percent), and reduced ] rates (the top rate dropped from 40 percent to 38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 journal|last1=Shoup|first1=Carl S.|title=The Revenue Act of 1945|jstor=2144666|journal=Political Science Quarterly|pages=481–491|doi=10.2307/2144666|date=1 January 1945|volume=60|issue=4}}</ref> | ||
| ==References== | ==References== | ||
Revision as of 01:30, 25 April 2020
The United States Revenue Act of 1945, Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the excess profits tax, reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top rate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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