From Wikipedia, the free encyclopedia
The
United States
Revenue Act of 1951
temporarily increased individual
income tax
rates through 1953, and temporarily raised
corporate tax
rates 5 percentage points through March 31, 1954.
Excise taxes
on
alcohol
,
tobacco
,
gasoline
, and
automobiles
were also temporarily increased through March 31, 1954. The 1951 Act added $5.4 billion to annual flow of federal tax revenue.
[1]
References
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External links
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