Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Revenue Act of 1941,
- Increasing the top rate of the excess profits tax from 50 to 60%,
- Making permanent the temporary individual, corporate, and excise tax increases of the IRA of 1940,
- Temporarily raising the Federal corporate income tax rate another six to seven percent, and the individual income tax rate four percent, and
- Decreasing the personal exemption for married couples from 2,000 to 1,500 “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].
[restored 7/29/2022] 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. “NewDeal,” 753.
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
Revenue Act of 1941 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Revenue_Act_of_1941
The New Deal
www.uri.edu/artsci/newecn/Classes/Art/INT1/Mac/1930s/new_deal.htm
Current U.s. National Debt:
