About: Victory Tax

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The Victory Tax was a 5% income tax established in the United States by the Revenue Act of 1942. Congress attempted to reduce the tax to 3% in the Revenue Act of 1943; that bill was vetoed by President Roosevelt, but his veto was overridden. The tax was eliminated in the Individual Income Tax Act of 1944.

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  • The Victory Tax was a 5% income tax established in the United States by the Revenue Act of 1942. Congress attempted to reduce the tax to 3% in the Revenue Act of 1943; that bill was vetoed by President Roosevelt, but his veto was overridden. The tax was eliminated in the Individual Income Tax Act of 1944. (en)
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  • The Victory Tax was a 5% income tax established in the United States by the Revenue Act of 1942. Congress attempted to reduce the tax to 3% in the Revenue Act of 1943; that bill was vetoed by President Roosevelt, but his veto was overridden. The tax was eliminated in the Individual Income Tax Act of 1944. (en)
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  • Victory Tax (en)
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