Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
Corporate tax in the Netherlands Corporate tax in the Netherlands Corporate tax in the Netherlands deals with the tax payable in the Netherlands on the profits earned by companies. In general, a Dutch company is subject to 25% corporate tax ("vennootschapsbelasting") on its worldwide profits. However, certain items of income are exempt from tax and certain costs are non-deductible. A Dutch company is subject to Dutch corporate tax on its worldwide profits, after taking into account tax deductible costs. The 2013 Dutch corporate tax rate was 20% of the taxable income up to and including €200,000, above which the rate is 25%. Certain items of