Statements (65)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:affects |
foundation for future tax legislation
|
| gptkbp:amended_by |
Revenue Act of 1916
|
| gptkbp:associated_with |
gptkb:Woodrow_Wilson's_New_Freedom_agenda
|
| gptkbp:controversy |
debate over income tax rates
|
| gptkbp:date_enacted |
1913
|
| gptkbp:development |
January 1, 1914
|
| gptkbp:economic_impact |
increased government funding for public services
|
| gptkbp:economic_policy |
influenced public policy on taxation
shift towards progressive taxation |
| gptkbp:effective_date |
October 3, 1913
|
| gptkbp:enacted_by |
gptkb:United_States_Congress
|
| gptkbp:governing_body |
gptkb:Internal_Revenue_Service
passed through both houses of Congress |
| gptkbp:government_spending |
enabled increased government spending
|
| gptkbp:historical_analysis |
analyzed in the context of U. S. history
|
| gptkbp:historical_context |
emerged during a time of economic change
post-Progressive Era America |
| gptkbp:historical_significance |
first federal income tax law in the U. S.
|
| https://www.w3.org/2000/01/rdf-schema#label |
American Revenue Act
|
| gptkbp:impact |
established the modern income tax system in the U. S.
|
| gptkbp:includes_provisions_for |
certain income sources
|
| gptkbp:influenced_by |
Progressive Era reforms
|
| gptkbp:introduced |
gptkb:President_Woodrow_Wilson
|
| gptkbp:is_debated_in |
debate over the role of government in the economy
|
| gptkbp:is_targeted_at |
wealthy individuals
|
| gptkbp:legacy |
set precedent for income taxation in the U. S.
|
| gptkbp:legislation |
gptkb:Tariff_Act_of_1913
|
| gptkbp:political_impact |
shaped future political platforms
|
| gptkbp:political_position |
expanded the role of government in the economy
|
| gptkbp:presidential_signature |
signed into law by Woodrow Wilson
|
| gptkbp:public_awareness |
increased awareness of taxation issues
|
| gptkbp:public_reaction |
mixed reactions from the public
|
| gptkbp:purpose |
to reduce tariffs and implement a federal income tax
|
| gptkbp:reform |
part of broader political reforms in the U. S.
|
| gptkbp:related_to |
gptkb:Sixteenth_Amendment
|
| gptkbp:repealed_by |
gptkb:Tax_Reform_Act_of_1986
|
| gptkbp:revenue |
increased federal revenue
corporate income tax individual income tax funded various government programs provided funds for World War I efforts |
| gptkbp:scholarly_analysis |
subject of numerous academic studies
|
| gptkbp:significance |
marked a shift in U. S. tax policy
|
| gptkbp:successor |
Revenue Act of 1916
|
| gptkbp:tax_bracket |
progressive tax system
|
| gptkbp:tax_collection_method |
withholding tax system
|
| gptkbp:taxation_debate |
ongoing debate about tax fairness
sparked debates on tax reform |
| gptkbp:taxation_effect |
influenced economic behavior of citizens
|
| gptkbp:taxation_framework |
established a framework for future tax laws
|
| gptkbp:taxation_impact |
affected middle and lower classes
had lasting impacts on American society. |
| gptkbp:taxation_policy |
set the stage for modern taxation policies
|
| gptkbp:taxation_principle |
equity in taxation
|
| gptkbp:taxation_structure |
created a tiered taxation structure
|
| gptkbp:trade_goods |
based on ability to pay principle
reflected Keynesian economic principles |
| gptkbp:type_of |
6% on income over $500,000
influenced future tax reforms 1% on income over $3,000 established a federal income taxation system required taxpayers to file returns |
| gptkbp:bfsParent |
gptkb:George_Grenville
|
| gptkbp:bfsLayer |
5
|