Statements (58)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:amended_by |
gptkb:Revenue_Act_of_1865
|
| gptkbp:challenges |
compliance and enforcement issues
|
| gptkbp:collection |
self-assessment
|
| gptkbp:community_impact |
influence on political parties
|
| gptkbp:conflict |
enforcement of tax laws
|
| gptkbp:contribution |
modern tax system
|
| gptkbp:controversy |
debate over taxation fairness
|
| gptkbp:economic_impact |
stimulated economic growth
increased rates in subsequent years |
| gptkbp:effective_date |
1864
July 1, 1864 |
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:enforces |
gptkb:Internal_Revenue_Service
|
| gptkbp:government_type |
income tax
|
| gptkbp:historical_context |
post-Civil War economy
|
| gptkbp:historical_debate |
economic policy discussions
public discourse on tax policy |
| gptkbp:historical_impact |
shift in federal-state relations
|
| gptkbp:historical_period |
evolution of U. S. tax policy
|
| gptkbp:historical_significance |
first federal income tax in the U. S.
|
| https://www.w3.org/2000/01/rdf-schema#label |
Revenue Act of 1864
|
| gptkbp:impact |
wealth distribution
increased federal revenue |
| gptkbp:includes_provisions_for |
certain income levels
established a system of tax collection |
| gptkbp:influenced_by |
economic conditions of the Civil War
|
| gptkbp:introduced |
gptkb:Salmon_P._Chase
|
| gptkbp:legacy |
foundation for future income tax laws
|
| gptkbp:legislation |
gptkb:Internal_Revenue_Act
precedent for future laws |
| gptkbp:mandates |
individuals and businesses
government revenue strategies |
| gptkbp:public_perception |
mixed responses
|
| gptkbp:purpose |
to increase revenue for the Civil War
|
| gptkbp:reform |
calls for simplification
|
| gptkbp:related_to |
Civil War financing
excise tax |
| gptkbp:repealed_by |
gptkb:Revenue_Act_of_1870
|
| gptkbp:requires |
annual income reporting
|
| gptkbp:revenue |
gptkb:government_agency
progressive taxation approximately $1 million military expenditures ability to pay development of tax laws over time discussions on fairness foundation for tax system increased government funding shift towards income tax tax on profits |
| gptkbp:scenic_views |
taxes to expire after the war
|
| gptkbp:social_responsibility |
appeal process
|
| gptkbp:social_structure |
complex tax code
|
| gptkbp:type_of |
required documentation
5% on incomes over $600 |
| gptkbp:bfsParent |
gptkb:Internal_Revenue_Act_of_1862
|
| gptkbp:bfsLayer |
6
|