Normal Tax
A Normal Tax was levied on the net income of corporations as shown in the following table.
| Revenue Act of 1936 Tax on Corporations 49 Stat. 1655 |
|||
| Net Income (dollars) |
Rate (percent) |
||
| 0 | 8 | ||
| 2,000 | 11 | ||
| 15,000 | 13 | ||
| 40,000 | 15 | ||
Read more about this topic: Revenue Act Of 1936, Tax On Corporations
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