The Victory Tax was a 5%

income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable 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 The Individual Income Tax Act of 1944, Pub. L. No. 315, Ch. 210, 58 Stat. 231 (May 29, 1944), raised individual income tax rates in the United States The United States of America (USA), also known as the United States (U.S.) or America, is ...

References

United States federal income tax {{Tax-stub