The Democratic (socialist/fascist) 15th counterfeit CONgress (elected in accordance with the fraudulent 17th amendment) passes the Revenue Act of 1943—over the veto of Democratic de facto President Franklin Roosevelt, Esq.:
- Decreasing the “Victory Tax” on any personal “income” from 5 to 3%;
- Maintaining the number of personal “income” tax brackets at 24;
- Maintaining the number of corporate profits (income) tax brackets at 3;
- Maintaining the lowest corporate rate on the first 25,000 “dollars” earned at 34%;
- Maintaining the middle corporate rate on amounts between 25,000 and 50,000 “dollars” at 53% (sic);
- Maintaining the highest corporate rate on amounts earned over 50,000 “dollars” at 47% on amounts earned over “dollars”;
- Increasing the flat rate on “excess” corporate profits from 90% to 95%;
- Increasing various Federal excises on alcohol, jewelry, telephones, et cetera;
- Increasing the lowest personal rate on the first 2,000 “dollars” earned from 19% to 23%; and
- Increasing the highest personal rate on amounts earned over 200,000 “dollars” from 88% to 94%.
NOTES:
- This is the further realization of plank number two of the “Communist Manifesto” by Karl Marx.
- 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].
[updated 5/9/2025] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
Article I, Section 7 [Clause 2]
ccc-2point0.com/constitution-for-the-united-states
Article I, Section 8 [Clause 1]
ccc-2point0.com/constitution-for-the-united-states
“Law of the Jungle”
ccc-2point0.com/preface
References:
Encyclopedia of Banking and Finance, s.V. “NewDeal,” 753.
Revenue Act of 1943 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Revenue_Act_of_1943
The New Deal
www.uri.edu/artsci/newecn/Classes/Art/INT1/Mac/1930s/new_deal.htm
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