Revenue Act of 1934
The Revenue Act of 1934 (May 10, 1934, ch. 277, 48 Stat. 680) raised United States individual income tax rates marginally on higher incomes. The top individual income tax rate remained at 63 percent.
It was signed into law by President Franklin D. Roosevelt.
Tax on Corporations
A rate of 13.75 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.
| Revenue Act of 1934 Normal Tax and Surtax on Individuals | |||
| Net Income (dollars) |
Normal Rate (percent) |
Surtax Rate (percent) |
Combined Rate (percent) |
| 0 | 4 | 0 | 4 |
| 4,000 | 4 | 4 | 8 |
| 6,000 | 4 | 5 | 9 |
| 8,000 | 4 | 6 | 10 |
| 10,000 | 4 | 7 | 11 |
| 12,000 | 4 | 8 | 12 |
| 14,000 | 4 | 9 | 13 |
| 16,000 | 4 | 11 | 15 |
| 18,000 | 4 | 13 | 17 |
| 20,000 | 4 | 15 | 19 |
| 22,000 | 4 | 17 | 21 |
| 26,000 | 4 | 19 | 23 |
| 32,000 | 4 | 21 | 25 |
| 38,000 | 4 | 24 | 28 |
| 44,000 | 4 | 27 | 31 |
| 50,000 | 4 | 30 | 34 |
| 56,000 | 4 | 33 | 37 |
| 62,000 | 4 | 36 | 40 |
| 68,000 | 4 | 39 | 43 |
| 74,000 | 4 | 42 | 46 |
| 80,000 | 4 | 45 | 49 |
| 90,000 | 4 | 50 | 54 |
| 100,000 | 4 | 52 | 56 |
| 150,000 | 4 | 53 | 57 |
| 200,000 | 4 | 54 | 58 |
| 300,000 | 4 | 55 | 59 |
| 400,000 | 4 | 56 | 60 |
| 500,000 | 4 | 57 | 61 |
| 750,000 | 4 | 58 | 62 |
| 1,000,000 | 4 | 59 | 63 |
- Exemption of $1,000 for single filers and $2,500 for married couples and heads of family. A $400 exemption for each dependent under 18.
gollark: Not mine.
gollark: ``` My printer isn't working #393Openwizzwizz4 opened this Issue 11 days ago · 0 commentsCommentsAssigneesNo one assignedLabelsNone yetProjectsNone yetMilestoneNo milestoneNotificationsYou’re not receiving notifications from this thread.1 participant@wizzwizz4@wizzwizz4wizzwizz4 commented 11 days agoI used to be able to use my printer, but after coming back from holiday it doesn't work. Every time I try to print, a box comes up and even after I close it it still doesn't work.```
gollark: It is truly glorious.
gollark: ```javapackage com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.math.arithmetics;import com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.ApplicationContextHolder;import javax.annotation.PostConstruct;import org.springframework.beans.factory.annotation.Autowired;import org.springframework.context.ApplicationContext;import org.springframework.stereotype.Service;import com.seriouscompany.business.java.fizzbuzz.packagenamingpackage.impl.strategies.comparators.integercomparator.IntegerForEqualityComparator;@Servicepublic class NumberIsMultipleOfAnotherNumberVerifier { private static IntegerDivider integerDivider; @Autowired private ApplicationContextHolder applicationContextHolder; @PostConstruct public void init() { final ApplicationContext applicationContext = applicationContextHolder.getApplicationContext(); this.integerDivider = applicationContext.getBean(IntegerDivider.class); } public static boolean numberIsMultipleOfAnotherNumber(final int nFirstNumber, final int nSecondNumber) { try { final int nDivideFirstIntegerBySecondIntegerResult = (NumberIsMultipleOfAnotherNumberVerifier.integerDivider.divide(nFirstNumber, nSecondNumber)); final int nMultiplyDivisionResultBySecondIntegerResult = nDivideFirstIntegerBySecondIntegerResult * nSecondNumber; if (IntegerForEqualityComparator.areTwoIntegersEqual(nMultiplyDivisionResultBySecondIntegerResult, nFirstNumber)) { return true; } else { return false; } } catch (final ArithmeticException ae) { return false; } }}```
gollark: `https://github.com/EnterpriseQualityCoding/FizzBuzzEnterpriseEdition
References
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