Revenue Act of 1942 shifts to current-year tax collection
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
In that regard, the Revenue Act of 1942 called for tax revenues to be raised by $18 billion, and brought millions of new middle-class taxpayers into the income tax system.
chapter: Chapter 8: The Early to Mid-1940s: World War II, Bankers, and War Bucks