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Revenue Act of 1951
From Wikipedia, the free encyclopedia
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The United States Revenue Act of 1951 temporarily increased individual income tax rates through 1953, and temporarily raised corporate tax rates 5 percentage points through March 31, 1954.
 | This article relies largely or entirely on a single source. (February 2024) |
Excise taxes on alcohol, tobacco, gasoline, and automobiles were also temporarily increased through March 31, 1954. The 1951 Act added $5.4 billion to annual flow of federal tax revenue.[1]
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