Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:amended_by |
Revenue Act of 1923
|
| gptkbp:applies_to |
individual taxpayers
corporate taxpayers |
| gptkbp:context |
Roaring Twenties
|
| gptkbp:effective_date |
1921-06-02
|
| gptkbp:enacted_by |
gptkb:United_States_Congress
|
| gptkbp:historical_significance |
reflected post-war economic policy
|
| https://www.w3.org/2000/01/rdf-schema#label |
1921 Revenue Act
|
| gptkbp:impact |
increased tax exemptions
|
| gptkbp:includes_provisions_for |
adjusted corporate tax rates
increased estate tax exemptions reduced gift tax rates allowed for tax credits eliminated excess profits tax established new tax brackets introduced new deductions modified capital gains tax treatment simplified tax filing process |
| gptkbp:influenced_by |
tax policy debates
economic conditions of the 1920s |
| gptkbp:introduced |
tax reforms
|
| gptkbp:is_debated_in |
Congressional hearings
|
| gptkbp:is_opposed_by |
progressive reformers
|
| gptkbp:is_supported_by |
gptkb:business
|
| gptkbp:legislation |
gptkb:Revenue_Act_of_1924
Revenue Act of 1923 |
| gptkbp:purpose |
reduce income tax rates
|
| gptkbp:related_to |
post-World War I economy
|
| gptkbp:repealed_by |
gptkb:Revenue_Act_of_1924
|
| gptkbp:resulted_in |
changes in state tax policies
increased compliance requirements changes to tax administration increased scrutiny of tax returns changes in public perception of taxes changes in economic policy discussions changes in federal budget planning changes in wealth distribution debates over tax fairness greater emphasis on fiscal responsibility greater focus on tax enforcement greater public engagement in tax issues greater scrutiny of government spending increased academic research on taxation increased economic inequality concerns increased focus on tax policy reform increased government spending debates increased interest in tax equity increased lobbying for tax changes increased political activism around tax issues increased public awareness of taxation shifts in political power regarding taxation shifts in taxpayer behavior |
| gptkbp:revenue |
decreased federal revenue
|
| gptkbp:signed_by |
gptkb:Warren_Harding
|
| gptkbp:bfsParent |
gptkb:Warren_Harding
|
| gptkbp:bfsLayer |
3
|