- Revenue Act of 1926
The act was applicable to incomes for 1925 and thereafter. [ [http://fraser.stlouisfed.org/publications/income/page/15474/download/34058/15474_1915-1930.pdf Surtax rates under the Revenue Acts 1913 to 1926] ]
Tax on Corporations
A rate of 13.5 percent was levied on the net income of corporations.
Tax on Individuals
A Normal Tax and a Surtax were levied against the net income of individuals as shown in the following table.
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