Individual Income Tax Act of 1944

Individual Income Tax Act of 1944

The Individual Income Tax Act of 1944 raised individual income tax rates in the United States and repealed the 3 % Victory Tax.

It standardized the value of personal exemptions at $500 per person.

Inflation-adjusted numbers

[http://minneapolisfed.org/Research/data/us/calc/index.cfm Corrected for inflation] by CPI:


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