While the United states Armed Forces (private mercenaries) are in Korea, “champion[ing] liberty wherever the tyranny of communism is the aggressor, Democratic (socialist/fascist) President Truman signs the Revenue Act of 1951:
- Increasing the number of personal “income” tax brackets from 24 to 39;
- Decreasing the personal lowest personal rate on the first 2,000 “dollars” earned from 20.4% to 20.2%;
- Increasing the highest corporate income (profit) tax rate from 45% to 50%; and
- Increasing Federal excise taxes on alcohol, automobiles, gasoline and tobacco.
NOTE: This is the further realization of plank number two of the Communist Manifesto by Karl Marx.
[restored 5/24/2025]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Revenue Act of 1951 – Wikipedia
en.wikipedia.org/wiki/Revenue_Act_of_1951
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:
