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TheUnited StatesRevenue Act of 1951 temporarily increased individualincome tax rates through 1953, and temporarily raisedcorporate tax rates 5 percentage points through March 31, 1954.
Excise taxes onalcohol,tobacco,gasoline, andautomobiles were also temporarily increased through March 31, 1954. The 1951 Act added $5.4 billion to annual flow of federal tax revenue.[1]
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