Tax On Corporations
In 1921 a rate of 10 percent was levied on the net income of corporations and 12.5 percent levied thereafter.
Read more about this topic: Revenue Act Of 1921
Famous quotes containing the words tax on, tax and/or corporations:
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)
“[If a woman athlete who had contracted the AIDS virus admitted that she] had been with one hundred or two hundred men, they’d call her a slut, and the corporations would drop her like a lead balloon.”
—Martina Navratilova (b. 1956)