Revenue Act of 1921 - Tax On Corporations

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 and/or corporations:

    What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    You may cut off the heads of every rich man now living—of every statesman—every literary, and every scientific authority, without in the least changing the social situation. Artists, of course, disappeared long ago as social forces. So did the church. Corporations are not elevators, but levellers, as I see them.
    Henry Brooks Adams (1838–1918)