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:
“...many tax collectors and sinners were also sitting with Jesus.”
—Bible: New Testament, Mark 2:15.
“I cannot believe that our factory system is the best mode by which men may get clothing. The condition of the operatives is becoming every day more like that of the English; and it cannot be wondered at, since, as far as I have heard or observed, the principal object is, not that mankind may be well and honestly clad, but, unquestionably, that the corporations may be enriched.”
—Henry David Thoreau (1817–1862)