Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq.—without a constitutional amendment—signs the Revenue Act of 1934, lowering the nominal flat tax on all incomes from eight to four percent; but raising the surtax (progressive rates) on incomes of 4,000 from one to five percent and 55% to 59% on incomes over 1,000,000 “dollars.”
NOTE: 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].
[added 7/10/2022] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Encyclopedia of Banking and Finance, s.V. “New Deal,” 753.
Revenue Act of 1934 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Revenue_Act_of_1934
Revenue Act of 1932 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Revenue_Act_of_1932