Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:amended_by |
gptkb:Revenue_Act_of_1926
|
| gptkbp:contains |
provisions for estate taxes
provisions for corporate taxes provisions for excess profits tax |
| gptkbp:context |
post-war economic adjustment
|
| gptkbp:economic_impact |
stimulated economic growth
increased consumer spending encouraged investment |
| gptkbp:effective_date |
January 1, 1922
|
| gptkbp:enacted_by |
gptkb:United_States_Congress
|
| gptkbp:historical_context |
Roaring Twenties
post-World War I United States |
| https://www.w3.org/2000/01/rdf-schema#label |
1922 Revenue Act
|
| gptkbp:impact |
increased tax exemptions
|
| gptkbp:influenced_by |
economic conditions of the 1920s
post-World War I economy |
| gptkbp:introduced_in |
gptkb:House_of_Representatives
|
| gptkbp:is_debated_in |
gptkb:House_of_Representatives
gptkb:Senate |
| gptkbp:legacy |
contributed to the Great Depression
influenced tax policy debates set precedent for future tax reforms |
| gptkbp:legislation |
gptkb:Revenue_Act_of_1926
gptkb:Revenue_Act_of_1924 |
| gptkbp:operates_in |
gptkb:Revenue_Act_of_1924
|
| gptkbp:passes_through |
gptkb:House_of_Representatives
gptkb:Senate |
| gptkbp:public_reaction |
support from business community
criticism from fiscal conservatives mixed reactions from taxpayers |
| gptkbp:purpose |
reduce income tax rates
|
| gptkbp:related_to |
gptkb:tax_policy
|
| gptkbp:repealed_by |
gptkb:Revenue_Act_of_1924
|
| gptkbp:revenue |
excise taxes
increased federal revenue individual income taxes corporate income taxes reduced tax burden on corporations reduced tax burden on individuals |
| gptkbp:signed_by |
gptkb:Warren_Harding
|
| gptkbp:significance |
first major tax cut after World War I
|
| gptkbp:tax_rate_change |
simplified tax code
eliminated certain taxes increased personal exemptions lowered corporate tax rate lowered top income tax rate revised estate tax rates revised gift tax provisions |
| gptkbp:bfsParent |
gptkb:Warren_Harding
|
| gptkbp:bfsLayer |
3
|