Democratic (socialist/fascist) President Wilson signs the Revenue Act of 1918:

• Codifying all existing tax legislation;
• Increasing the number of personal “income” tax brackets from 19 to 56;
• Increasing the lowest personal rate on the first 5,000 Dollars earned from 5% to 6% of the first 4,000 Dollars earned;
• Increasing the highest personal rate on amounts earned over 2,000,000 Dollars from 67% to 77% on amounts earned over 1,000,000 Dollars; and
• Doubling the tax on corporate profits from 6% to 12%.

NOTE: This is the further realization of plank number two of the “Communist Manifesto” by Karl Marx.

       [added 6/19/2022]