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:
“I find nothing healthful or exalting in the smooth conventions of society. I do not like the close air of saloons. I begin to suspect myself to be a prisoner, though treated with all this courtesy and luxury. I pay a destructive tax in my conformity.”
—Ralph Waldo Emerson (1803–1882)
“Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges ... which are employed altogether for their benefit.”
—Andrew Jackson (1767–1845)