1579:
38:
The act was applicable to incomes for 1936 and thereafter. Roosevelt sought additional permanent revenue of $ 620,000,000 and temporary revenue of $ 517,000,000. To secure the permanent revenue he suggested the substitution of a tax on undistributed earnings of corporations. Individual rates were
1364:
1294:
1339:
1219:
901:
1224:
1244:
1174:
1234:
1309:
1635:
1299:
1645:
1159:
1149:
1194:
1279:
1229:
1543:
1616:
1264:
1129:
1104:
1204:
1199:
1189:
1139:
1164:
1349:
1513:
1374:
1254:
1538:
1359:
1324:
892:
1304:
1548:
1239:
949:
1609:
1144:
1049:
1384:
1369:
1079:
153:
was levied on corporations on "undistributed profits", i.e. profits not paid out in dividends, as shown in the following table.
1289:
1044:
257:
167:
83:
21:
1249:
1640:
1334:
1329:
1269:
1184:
1169:
1084:
1014:
1483:
1473:
1314:
1259:
939:
934:
862:
1602:
1533:
1528:
1503:
1498:
1214:
1154:
1319:
1099:
1024:
1209:
1119:
885:
1553:
1493:
243:
A normal tax and a surtax were levied against the net income of individuals as shown in the following table.
959:
841:
1422:
1179:
1124:
1109:
1508:
909:
32:
878:
1518:
1488:
1284:
1134:
1114:
1094:
1089:
1074:
1064:
1059:
1054:
1039:
1034:
1029:
1019:
1009:
999:
994:
989:
984:
979:
974:
969:
964:
954:
944:
929:
924:
919:
799:
48:
28:(June 22, 1936), established an "undistributed profits tax" on corporations in the United States .
1344:
1274:
1069:
1523:
870:
1468:
1586:
1463:
1452:
1447:
1437:
1432:
1427:
1417:
1412:
1407:
1402:
1397:
1392:
1629:
1558:
1442:
1578:
1478:
66:
1354:
39:
raised only on the very rich (that is, income over $ 5 million a year.).
261:
171:
87:
25:
824:
150:
819:
Roy G. Blakey, and Gladys C. Blakey. "The
Revenue Act of 1936."
874:
857:
Paul, Randolph E. "The
Background of the Revenue Act of 1937."
1590:
1585:
This United States federal legislation article is a
1383:
908:
69:of corporations as shown in the following table.
1610:
886:
8:
837:
835:
833:
785:for married couples and heads of family. A
1636:United States federal taxation legislation
1617:
1603:
902:United States federal taxation legislation
893:
879:
871:
245:
155:
71:
1646:United States federal legislation stubs
812:
789:exemption for each dependent under 18.
7:
1575:
1573:
802:, which raised taxes on high incomes
252:Normal Tax and Surtax on Individuals
51:, which raised taxes on high incomes
31:It was signed into law by President
14:
1577:
1375:2021 (Infrastructure, PL 117–58)
162:Surtax on Undistributed Profits
145:Surtax on undistributed profits
65:A Normal Tax was levied on the
1:
1589:. You can help Knowledge by
1365:2021 (Defense Authorization)
1370:2021 (American Rescue Plan)
1662:
1572:
248:
184:undistributed net income)
158:
74:
821:American Economic Review
1499:1922: Fordney–McCumber
844:from Statutes at Large
781:for single filers and
1360:2020 (Appropriations)
1350:2020 (Families First)
1340:2018 (Appropriations)
859:U. Chicago Law Review
33:Franklin D. Roosevelt
1641:1936 in American law
1423:1828: "Abominations"
1484:1909: Payne–Aldrich
1474:1894: Wilson–Gorman
800:Revenue Act of 1935
250:Revenue Act of 1936
160:Revenue Act of 1936
78:Tax on Corporations
76:Revenue Act of 1936
56:Tax on corporations
49:Revenue Act of 1935
18:Revenue Act of 1936
1504:1930: Smoot–Hawley
1403:1791: Hamilton III
239:Tax on individuals
1598:
1597:
1567:
1566:
1408:1792: Hamilton IV
1398:1790: Hamilton II
1295:2010 (PL 111-312)
1290:2010 (PL 111–240)
861:. 5 (1937): 41+
774:
773:
236:
235:
142:
141:
1653:
1619:
1612:
1605:
1581:
1574:
1559:2018/2019: Trump
1509:1934: Reciprocal
1433:1833: Compromise
1393:1789: Hamilton I
895:
888:
881:
872:
845:
839:
828:
823:(1936): 466-482
817:
246:
156:
72:
1661:
1660:
1656:
1655:
1654:
1652:
1651:
1650:
1626:
1625:
1624:
1623:
1570:
1568:
1563:
1544:1988: Canada FT
1494:1921: Emergency
1489:1913: Underwood
1418:1824: Sectional
1379:
1265:2007 (Mortgage)
1165:1983 (PL 98-76)
1160:1983 (PL 98-67)
911:
904:
899:
868:
854:
852:Further reading
849:
848:
840:
831:
818:
814:
809:
796:
292:
285:
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271:
254:
251:
241:
190:
183:
181:
164:
161:
147:
104:
97:
80:
77:
63:
58:
45:
12:
11:
5:
1659:
1657:
1649:
1648:
1643:
1638:
1628:
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1622:
1621:
1614:
1607:
1599:
1596:
1595:
1582:
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1561:
1556:
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1536:
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1526:
1521:
1516:
1511:
1506:
1501:
1496:
1491:
1486:
1481:
1476:
1471:
1469:1890: McKinley
1466:
1461:
1458:
1455:
1450:
1445:
1440:
1435:
1430:
1425:
1420:
1415:
1410:
1405:
1400:
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1377:
1372:
1367:
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1327:
1322:
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1267:
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1202:
1197:
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1187:
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1177:
1172:
1167:
1162:
1157:
1152:
1147:
1142:
1137:
1132:
1127:
1122:
1117:
1112:
1107:
1102:
1097:
1092:
1087:
1082:
1077:
1072:
1067:
1062:
1057:
1052:
1047:
1042:
1037:
1032:
1027:
1022:
1017:
1012:
1007:
1002:
997:
992:
987:
982:
977:
972:
967:
962:
957:
952:
947:
942:
937:
932:
927:
922:
916:
914:
906:
905:
900:
898:
897:
890:
883:
875:
866:
865:
853:
850:
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846:
829:
811:
810:
808:
805:
804:
803:
795:
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772:
771:
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765:
762:
758:
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748:
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743:
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737:
734:
730:
729:
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723:
720:
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712:
709:
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702:
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695:
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688:
687:
684:
681:
678:
674:
673:
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667:
664:
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656:
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650:
646:
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642:
639:
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632:
631:
628:
625:
622:
618:
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614:
611:
608:
604:
603:
600:
597:
594:
590:
589:
586:
583:
580:
576:
575:
572:
569:
566:
562:
561:
558:
555:
552:
548:
547:
544:
541:
538:
534:
533:
530:
527:
524:
520:
519:
516:
513:
510:
506:
505:
502:
499:
496:
492:
491:
488:
485:
482:
478:
477:
474:
471:
468:
464:
463:
460:
457:
454:
450:
449:
446:
443:
440:
436:
435:
432:
429:
426:
422:
421:
418:
415:
412:
408:
407:
404:
401:
398:
394:
393:
390:
387:
384:
380:
379:
376:
373:
370:
366:
365:
362:
359:
356:
352:
351:
348:
345:
342:
338:
337:
334:
331:
328:
324:
323:
320:
317:
314:
310:
309:
306:
303:
300:
296:
295:
288:
281:
274:
266:
265:
240:
237:
234:
233:
230:
226:
225:
222:
218:
217:
214:
210:
209:
206:
202:
201:
198:
194:
193:
186:
176:
175:
146:
143:
140:
139:
136:
132:
131:
128:
124:
123:
120:
116:
115:
112:
108:
107:
100:
92:
91:
62:
59:
57:
54:
53:
52:
44:
41:
13:
10:
9:
6:
4:
3:
2:
1658:
1647:
1644:
1642:
1639:
1637:
1634:
1633:
1631:
1620:
1615:
1613:
1608:
1606:
1601:
1600:
1594:
1592:
1588:
1583:
1580:
1576:
1571:
1560:
1557:
1555:
1552:
1550:
1547:
1545:
1542:
1540:
1537:
1535:
1532:
1530:
1527:
1525:
1522:
1520:
1517:
1515:
1512:
1510:
1507:
1505:
1502:
1500:
1497:
1495:
1492:
1490:
1487:
1485:
1482:
1480:
1479:1897: Dingley
1477:
1475:
1472:
1470:
1467:
1465:
1464:1883: Mongrel
1462:
1459:
1456:
1454:
1453:1861: Morrill
1451:
1449:
1446:
1444:
1441:
1439:
1436:
1434:
1431:
1429:
1426:
1424:
1421:
1419:
1416:
1414:
1411:
1409:
1406:
1404:
1401:
1399:
1396:
1394:
1391:
1390:
1388:
1386:
1382:
1376:
1373:
1371:
1368:
1366:
1363:
1361:
1358:
1356:
1353:
1351:
1348:
1346:
1345:2019 (SECURE)
1343:
1341:
1338:
1336:
1333:
1331:
1328:
1326:
1323:
1321:
1318:
1316:
1313:
1311:
1308:
1306:
1303:
1301:
1298:
1296:
1293:
1291:
1288:
1286:
1283:
1281:
1278:
1276:
1273:
1271:
1268:
1266:
1263:
1261:
1258:
1256:
1253:
1251:
1248:
1246:
1243:
1241:
1238:
1236:
1233:
1231:
1228:
1226:
1225:2001 (EGTRRA)
1223:
1221:
1218:
1216:
1213:
1211:
1208:
1206:
1203:
1201:
1198:
1196:
1193:
1191:
1188:
1186:
1183:
1181:
1178:
1176:
1173:
1171:
1168:
1166:
1163:
1161:
1158:
1156:
1153:
1151:
1148:
1146:
1143:
1141:
1138:
1136:
1133:
1131:
1128:
1126:
1123:
1121:
1118:
1116:
1113:
1111:
1108:
1106:
1103:
1101:
1098:
1096:
1093:
1091:
1088:
1086:
1083:
1081:
1078:
1076:
1073:
1071:
1068:
1066:
1063:
1061:
1058:
1056:
1053:
1051:
1048:
1046:
1043:
1041:
1038:
1036:
1033:
1031:
1028:
1026:
1023:
1021:
1018:
1016:
1013:
1011:
1008:
1006:
1003:
1001:
998:
996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
971:
968:
966:
963:
961:
958:
956:
953:
951:
948:
946:
943:
941:
938:
936:
933:
931:
928:
926:
923:
921:
918:
917:
915:
913:
907:
903:
896:
891:
889:
884:
882:
877:
876:
873:
869:
864:
860:
856:
855:
851:
843:
838:
836:
834:
830:
826:
822:
816:
813:
806:
801:
798:
797:
793:
788:
784:
780:
777:Exemption of
776:
775:
769:
766:
763:
760:
759:
755:
752:
749:
746:
745:
741:
738:
735:
732:
731:
727:
724:
721:
718:
717:
713:
710:
707:
704:
703:
699:
696:
693:
690:
689:
685:
682:
679:
676:
675:
671:
668:
665:
662:
661:
657:
654:
651:
648:
647:
643:
640:
637:
634:
633:
629:
626:
623:
620:
619:
615:
612:
609:
606:
605:
601:
598:
595:
592:
591:
587:
584:
581:
578:
577:
573:
570:
567:
564:
563:
559:
556:
553:
550:
549:
545:
542:
539:
536:
535:
531:
528:
525:
522:
521:
517:
514:
511:
508:
507:
503:
500:
497:
494:
493:
489:
486:
483:
480:
479:
475:
472:
469:
466:
465:
461:
458:
455:
452:
451:
447:
444:
441:
438:
437:
433:
430:
427:
424:
423:
419:
416:
413:
410:
409:
405:
402:
399:
396:
395:
391:
388:
385:
382:
381:
377:
374:
371:
368:
367:
363:
360:
357:
354:
353:
349:
346:
343:
340:
339:
335:
332:
329:
326:
325:
321:
318:
315:
312:
311:
307:
304:
301:
298:
297:
294:
291:Combined Rate
289:
287:
282:
280:
275:
273:
268:
267:
264:
263:
259:
253:
247:
244:
238:
231:
228:
227:
223:
221:from 40 to 60
220:
219:
215:
213:from 20 to 40
212:
211:
207:
205:from 10 to 20
204:
203:
199:
196:
195:
192:
187:
185:
178:
177:
174:
173:
169:
163:
157:
154:
152:
144:
137:
134:
133:
129:
126:
125:
121:
118:
117:
113:
110:
109:
106:
101:
99:
94:
93:
90:
89:
85:
79:
73:
70:
68:
60:
55:
50:
47:
46:
42:
40:
36:
34:
29:
27:
23:
19:
1591:expanding it
1584:
1569:
1443:1846: Walker
1413:1816: Dallas
1355:2020 (CARES)
1004:
867:
858:
820:
815:
786:
782:
778:
290:
283:
276:
269:
255:
249:
242:
188:
179:
165:
159:
148:
102:
95:
81:
75:
64:
37:
30:
17:
15:
1549:1993: NAFTA
1438:1842: Black
1330:2017 (TCJA)
1305:2012 (ATRA)
284:Surtax Rate
277:Normal Rate
189:Surtax Rate
182:(percent of
180:Application
1630:Categories
1514:1948: GATT
1335:2018 (BBA)
1320:2015 (BBA)
1285:2010 (ACA)
1025:1940 (2nd)
807:References
270:Net Income
96:Net Income
67:net income
61:Normal tax
20:, 49
1554:1994: WTO
1185:1986 Code
1085:1954 Code
1015:1939 Code
842:Facsimile
761:5,000,000
747:2,000,000
733:1,000,000
293:(percent)
286:(percent)
279:(percent)
272:(dollars)
191:(percent)
105:(percent)
98:(dollars)
910:Internal
794:See also
256:49
197:up to 10
166:49
82:49
43:See also
1524:1974/75
1385:Tariffs
1155:Gas Tax
912:Revenue
783:$ 2,500
779:$ 1,000
719:750,000
705:500,000
691:400,000
677:300,000
663:250,000
649:200,000
635:150,000
621:100,000
229:over 60
1275:Crisis
863:online
825:online
607:90,000
593:80,000
579:74,000
565:68,000
551:62,000
537:58,000
523:56,000
509:50,000
495:44,000
481:38,000
467:32,000
453:26,000
439:22,000
425:20,000
411:18,000
397:16,000
383:14,000
369:12,000
355:10,000
260:
170:
151:Surtax
135:40,000
127:15,000
86:
24:
1175:COBRA
787:$ 400
341:8,000
327:6,000
313:4,000
258:Stat.
168:Stat.
119:2,000
84:Stat.
22:Stat.
1587:stub
1539:1988
1534:1984
1529:1979
1519:1962
1460:1875
1457:1872
1448:1857
1428:1832
1325:2016
1315:2014
1310:2012
1300:2011
1280:2009
1270:2008
1260:2007
1255:2006
1250:2006
1245:2005
1240:2004
1235:2003
1230:2002
1220:1998
1215:1997
1210:1996
1205:1993
1200:1990
1195:1988
1190:1987
1180:1986
1170:1984
1150:1982
1145:1981
1140:1980
1135:1978
1130:1977
1125:1976
1120:1975
1115:1971
1110:1969
1105:1968
1100:1966
1095:1964
1090:1962
1080:1954
1075:1951
1070:1950
1065:1950
1060:1948
1055:1945
1050:1944
1045:1943
1040:1943
1035:1942
1030:1941
1020:1940
1010:1937
1005:1936
1000:1935
995:1934
990:1932
985:1928
980:1926
975:1924
970:1921
965:1918
960:1917
955:1916
950:1914
945:1913
940:1909
935:1894
930:1864
925:1862
920:1861
262:1653
172:1655
103:Rate
88:1655
26:1648
16:The
770:79
756:78
742:77
728:76
714:74
700:72
686:70
672:68
658:66
644:64
630:62
616:59
602:55
588:51
574:47
560:43
546:39
532:39
518:35
504:31
490:28
476:25
462:23
448:21
434:19
420:17
406:15
392:13
378:12
364:11
350:10
232:27
224:22
216:17
208:12
138:15
130:13
122:11
1632::
832:^
767:75
753:74
739:73
725:72
711:70
697:68
683:66
669:64
655:62
641:60
627:58
613:55
599:51
585:47
571:43
557:39
543:35
529:35
515:31
501:27
487:24
473:21
459:19
445:17
431:15
417:13
403:11
336:9
322:8
308:4
200:7
149:A
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1593:.
894:e
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827:.
764:4
750:4
736:4
722:4
708:4
694:4
680:4
666:4
652:4
638:4
624:4
610:4
596:4
582:4
568:4
554:4
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526:4
512:4
498:4
484:4
470:4
456:4
442:4
428:4
414:4
400:4
389:9
386:4
375:8
372:4
361:7
358:4
347:6
344:4
333:5
330:4
319:4
316:4
305:0
302:4
299:0
111:0
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