… [T]o call me one [an Englishman] without those rights is like calling an ox a bull.  He’s thankful for the honor, but he’d much rather have restored what’s rightfully his.

—- Benjamin Franklin, “1776”

       Democratic (socialist/fascist) President Truman signs the Revenue Act of 1945:

• Decreasing the number of personal “income” tax brackets from 24 to 23;
• Decreasing the lowest personal rate on the first 2,000 “dollars” earned from 23% to 20%;
• Decreasing the highest personal rate on amounts earned over 200,000 “dollars” from 94% to 86.45%;
• Reducing the top corporate tax rate on incomes over 50,000 “dollars” from 40% to 38%; and
• Eliminating the tax on “excess” corporate profits.

       [updated 5/10/2025] Thanks to Bill Holmes for this entry.