Tax On Corporations
A rate of 13.5 percent was levied on the net income of corporations.
Read more about this topic: Revenue Act Of 1926
Famous quotes containing the words tax and/or corporations:
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)
“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)