Republican (fascist/socialist) de facto President Ford (25th amendment) signs the Tax Reform Act of 1976:
- Decreasing the number of personal “income” tax brackets from 49 to 45;
- Increasing the lowest personal rate on the first 2,000 “dollars” earned from 16% to 20% of the first 2,200 “dollars” earned;
- Decreasing the highest bracket (70%) personal rate on amounts earned over 200,000 “dollars” to 102,200 “dollars”;
NOTE: This is the further realization of plank number two of the Communist Manifesto by Karl Marx.
[restored 8/2/2025]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Tax Reform Act of 1976 – Wikipedia
en.wikipedia.org/wiki/Tax_Reform_Act_of_1976
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:
