Revenue Act of 1864

GPTKB entity

Statements (58)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:amended_by gptkb:Revenue_Act_of_1865
gptkbp:conflict enforcement of tax laws
gptkbp:contribution modern tax system
gptkbp:controversy debate over taxation fairness
gptkbp:date_enacted 1864
gptkbp:economic_impact stimulated economic growth
gptkbp:effective_date July 1, 1864
gptkbp:enacted_by gptkb:United_States_Congress
gptkbp:enforces gptkb:Internal_Revenue_Service
gptkbp:federalism_impact shift in federal-state relations
gptkbp:historical_context post-Civil War economy
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
gptkbp:political_impact influence on political parties
gptkbp:public_reaction mixed responses
gptkbp:purpose to increase revenue for the Civil War
gptkbp:related_tax excise tax
gptkbp:related_to Civil War financing
gptkbp:repealed_by gptkb:Revenue_Act_of_1870
gptkbp:revenue approximately $1 million
military expenditures
tax on profits
gptkbp:revenue_allocation gptkb:government
gptkbp:scenic_views taxes to expire after the war
gptkbp:social_issues appeal process
gptkbp:tax_collection_method self-assessment
gptkbp:tax_filing_requirement annual income reporting
gptkbp:tax_rate_adjustment increased rates in subsequent years
gptkbp:tax_type income tax
gptkbp:taxation_challenges compliance and enforcement issues
gptkbp:taxation_debate economic policy discussions
gptkbp:taxation_debates public discourse on tax policy
gptkbp:taxation_equity discussions on fairness
gptkbp:taxation_evolution development of tax laws over time
gptkbp:taxation_framework foundation for tax system
gptkbp:taxation_history evolution of U. S. tax policy
gptkbp:taxation_legislation precedent for future laws
gptkbp:taxation_outcomes increased government funding
gptkbp:taxation_philosophy progressive taxation
gptkbp:taxation_policy government revenue strategies
gptkbp:taxation_principle ability to pay
gptkbp:taxation_reform calls for simplification
gptkbp:taxation_structure complex tax code
gptkbp:taxation_trends shift towards income tax
gptkbp:taxpayer_eligibility individuals and businesses
gptkbp:type_of required documentation
5% on incomes over $600
gptkbp:bfsParent gptkb:Internal_Revenue_Act_of_1862
gptkbp:bfsLayer 6