Revenue Act of 1943 raises excess profits tax to 95%
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
The Revenue Act of 1943 also provided for the distribution of the payment of taxes through the population. It carried a small concession to the wealthy, alleviating some of the elite’s negative feelings around the idea that prior incarnations were simply “class taxes.
chapter: Chapter 8: The Early to Mid-1940s: World War II, Bankers, and War Bucks