Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Internal Revenue Act of 1935:
- Increasing the number of personal “income” tax brackets from 30 to 32;
- Increasing the highest personal rate on amounts earned over 1,000,000 “dollars” from 63% to 79% on amounts earned over 5,000,000 “dollars”;
- Maintaining the lowest personal rate on the first 4,000 “dollars” at 4%; and
- Maintaining the corporate rate on income (profits) at 13.75%.
NOTES:
- As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6, Clause 2.
- This is the further realization of plank number two of the “Communist Manifesto” by Karl Marx.
[added 4/19/2025]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Corporate Income Tax: Definition, History, Rate
www.thebalance.com/corporate-income-tax-definition-history-effective-rate-3306024
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html
Current U.s. National Debt:
