Revenue Act of 1924
E571126
The Revenue Act of 1924 was a major U.S. federal tax law that significantly reduced income tax rates and restructured federal taxation as part of Treasury Secretary Andrew Mellon's broader 1920s tax-cutting program.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Revenue Act of 1924 canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T6110064 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Revenue Act of 1924 Context triple: [Mellon tax cuts of the 1920s, hasPart, Revenue Act of 1924]
-
A.
Revenue Act of 1921
The Revenue Act of 1921 was a U.S. federal tax law that significantly reduced wartime tax rates and marked the beginning of Treasury Secretary Andrew Mellon's pro-business tax reduction policies in the 1920s.
-
B.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
-
C.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
D.
Revenue Act of 1932
The Revenue Act of 1932 was a U.S. federal law enacted during the Great Depression that sharply increased taxes to address mounting budget deficits and stabilize government finances.
-
E.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Revenue Act of 1924 Target entity description: The Revenue Act of 1924 was a major U.S. federal tax law that significantly reduced income tax rates and restructured federal taxation as part of Treasury Secretary Andrew Mellon's broader 1920s tax-cutting program.
-
A.
Revenue Act of 1921
The Revenue Act of 1921 was a U.S. federal tax law that significantly reduced wartime tax rates and marked the beginning of Treasury Secretary Andrew Mellon's pro-business tax reduction policies in the 1920s.
-
B.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
-
C.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
D.
Revenue Act of 1932
The Revenue Act of 1932 was a U.S. federal law enacted during the Great Depression that sharply increased taxes to address mounting budget deficits and stabilize government finances.
-
E.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Congress
ⓘ
United States federal tax law ⓘ |
| alsoKnownAs | Mellon tax bill of 1924 NERFINISHED ⓘ |
| appliesIn |
U.S. territories subject to federal income tax at the time
ⓘ
continental United States ⓘ |
| appliesTo |
corporate taxpayers in the United States
ⓘ
individual taxpayers in the United States ⓘ |
| associatedWith | Republican Party tax policy in the 1920s ⓘ |
| basedOn | recommendations of Treasury Secretary Andrew Mellon ⓘ |
| category |
1924 in American law
ⓘ
United States federal legislation ⓘ United States federal taxation legislation ⓘ |
| chamberInvolved |
United States House of Representatives
NERFINISHED
ⓘ
United States Senate NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| effect |
lowered surtax rates on high incomes
ⓘ
reduced federal income tax rates ⓘ reduced tax burden on corporations ⓘ reduced tax burden on individuals ⓘ restructured federal taxation ⓘ |
| enactedIn | 1924 ⓘ |
| followedBy | Revenue Act of 1926 NERFINISHED ⓘ |
| historicalContext |
Roaring Twenties
NERFINISHED
ⓘ
post–World War I fiscal policy ⓘ |
| influencedBy | Andrew Mellon NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| language | English ⓘ |
| legalArea | tax law ⓘ |
| legalStatus | superseded ⓘ |
| legislativeBody | United States Congress ⓘ |
| partOf | 1920s United States tax-cutting program ⓘ |
| policyGoal |
reduce wartime tax levels from World War I era
ⓘ
simplify the federal tax system ⓘ stimulate economic growth through tax reduction ⓘ |
| policyProgram | Andrew Mellon tax reduction program NERFINISHED ⓘ |
| precededBy | Revenue Act of 1921 NERFINISHED ⓘ |
| presidentAtEnactment | Calvin Coolidge NERFINISHED ⓘ |
| shortName | Revenue Act of 1924 NERFINISHED ⓘ |
| signedBy | Calvin Coolidge NERFINISHED ⓘ |
| sponsorContext | Coolidge administration NERFINISHED ⓘ |
| subjectMatter |
estate and gift taxation
ⓘ
federal taxation ⓘ income tax ⓘ |
| timePeriod | interwar period ⓘ |
| typeOfChange |
tax rate reduction
ⓘ
tax structure reform ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Revenue Act of 1924 Description of subject: The Revenue Act of 1924 was a major U.S. federal tax law that significantly reduced income tax rates and restructured federal taxation as part of Treasury Secretary Andrew Mellon's broader 1920s tax-cutting program.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.