View source for Revenue Act of 1932

The '''Revenue Act of 1932''' was (at the time) the largest peacetime [[Taxes|tax]] increase in [[United States|American]] history.<ref>[https://books.google.com/books?id=dLWDCgAAQBAJ&pg=PA274-IA111 Modern World History Period and Depth Studies]</ref><ref>[https://books.google.com/books?id=oddbCwAAQBAJ&pg=PT151 Anxious Decades: America in Prosperity and Depression, 1920-1941]</ref>  Signed by President [[Herbert Hoover]] on June 6th, 1932, the act raised the top marginal income tax rate from 25% to 63%.<ref>[http://web.stanford.edu/group/wais/HooverInstitute/hoover_herbert.htm Herbert Hoover]</ref>

The act also fostered the very first federal gas tax.<ref>[https://books.google.com/books?id=Us3BOU3NAxkC&pg=PA3 Highway Statistics: Summary to 1965]</ref><ref>[https://www.forbes.com/sites/kellyphillipserb/2013/06/06/federal-gas-tax-passes-another-milestone-what-is-the-future/#673f0740f1fb Federal Gas Tax Passes Another Milestone: What Is The Future?]</ref>

==References==
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[[Category:Taxation]]
[[Category:Laws]]
[[Category:Great Depression]]