The United States Second Revenue Act of 1940 created a corporate excess profits tax (top rate 50%) and increased corporate tax rates (top rate from 33% to 35%).
Famous quotes containing the words revenue and/or act:
“Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.”
—Bible: Hebrew, Proverbs 3:13-18.
“Ah, Marilyn, Hollywood’s Joan of Arc, our Ultimate Sacrificial Lamb. Well, let me tell you, she was mean, terribly mean. The meanest woman I have ever known in this town. I am appalled by this Marilyn Monroe cult. Perhaps it’s getting to be an act of courage to say the truth about her. Well, let me be courageous. I have never met anyone as utterly mean as Marilyn Monroe. Nor as utterly fabulous on the screen, and that includes Garbo.”
—Billy Wilder (b. 1906)