Revenue Act of 1945

The United States Revenue Act of 1945 , Public Law 214, 59 Stat. 556 (Nov. 8, 1945), repealed the excess profits tax , reduced individual income tax rates (the top rate fell from 94 percent to 86.45 percent), and reduced corporate tax rates (the top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). ^[1]

References [ edit ]

^ 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 [ edit ]

Full text of the Act

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[PSQ-1] Shoup, Carl S. (1 January 1945). "The Revenue Act of 1945". Political Science Quarterly . 60 (4): 481?491. doi : 10.2307/2144666 . JSTOR 2144666 .

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