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  2. Tax Reform Act of 1969 - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_Act_of_1969

    The Tax Reform Act of 1969 (Pub. L. 91–172) was a United States federal tax law signed by President Richard Nixon on December 30, 1969.Its largest impact was creating the Alternative Minimum Tax, which was intended to tax high-income earners who had previously avoided incurring tax liability due to various exemptions and deductions.

  3. Revenue and Expenditure Control Act of 1968 - Wikipedia

    en.wikipedia.org/wiki/Revenue_and_Expenditure...

    The Revenue and Expenditure Control Act of 1968 is a United States law that created a temporary 10 percent income tax surcharge for both individuals and corporations through June 30, 1969, to help pay for the Vietnam War. It also delayed a scheduled reduction in the telephone and automobile excise tax, causing them to end in 1973 instead of ...

  4. Timeline of the Richard Nixon presidency (1969) - Wikipedia

    en.wikipedia.org/wiki/Timeline_of_the_Richard...

    President Nixon returns to Washington during the night hours. [91] August 4 – National Security Advisor Kissinger meets with President of France Georges Pompidou in Paris during the afternoon. [92] The House votes 237 to 170 in approval of a bill extending the surcharge on income taxes by 10% until January 1. [93]

  5. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...

  6. Surtax - Wikipedia

    en.wikipedia.org/wiki/Surtax

    It essentially consisted of calculating one's ordinary federal income tax liability and then adding another 10% to it, the amount of the surtax. As the US income tax system at the time was highly progressive, the surtax was much higher on those with higher incomes, as a 10% surtax imposed on a tax rate of 20% would result in an overall rate of ...

  7. Donald Trump wants to impose a 10% tariff. Here's what ... - AOL

    www.aol.com/finance/donald-trump-wants-impose-10...

    The Tax Foundation recently pegged the proceeds of the 10% tariffs at $300 billion a year. A populist tactic The 1971 episode with Nixon is also evidence of the power of the idea of a tariff to ...

  8. Nixonomics - Wikipedia

    en.wikipedia.org/wiki/Nixonomics

    President Richard Nixon. Nixonomics, a portmanteau of the words "Nixon" and "economics", refers either to the performance of the U.S. economy under U.S. President Richard Nixon [1] (i.e. the expansions in 1969 and from 1970 to 1973 during the broader Post–World War II economic expansion and the recessions from 1969 to 1970 and from 1973 to 1975) or the Nixon administration's economic policies.

  9. With a 10% Rate of Return, When Will My Investment Double? - AOL

    www.aol.com/finance/10-rate-return-investment...

    So with our 10% rate of return, it will take 7.2 years to double the investment. Note: the effectiveness of the rule of 72 varies by how high or low the return rate is. Anything in the 6-10% range ...