Statements (63)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:affects |
wealth distribution
|
| gptkbp:amended_by |
Revenue Act of 1868
|
| gptkbp:collection |
self-assessment
|
| gptkbp:community_impact |
shift in political power
|
| gptkbp:controversy |
debate over taxation fairness
|
| gptkbp:developer |
July 1, 1867
|
| gptkbp:economic_impact |
funding for government programs
|
| gptkbp:effective_date |
1867
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:enforces |
gptkb:Internal_Revenue_Service
|
| gptkbp:governing_body |
gptkb:Department_of_the_Treasury
|
| gptkbp:historical_context |
post-Civil War America
|
| gptkbp:historical_significance |
established federal taxation authority
|
| https://www.w3.org/2000/01/rdf-schema#label |
Revenue Act of 1867
|
| gptkbp:impact |
federal budget
taxation system in the United States |
| gptkbp:includes_provisions_for |
certain income levels
tax on inheritances tax on profits from corporations tax on property sales |
| gptkbp:influenced_by |
economic conditions of the time
|
| gptkbp:introduced |
gptkb:Senator_John_Sherman
|
| gptkbp:legacy |
foundation for future tax laws
|
| gptkbp:legal_issue |
court cases regarding taxation
|
| gptkbp:legislation |
gptkb:Tariff_Act_of_1866
|
| gptkbp:public_perception |
mixed responses
|
| gptkbp:purpose |
to increase federal revenue
|
| gptkbp:related_event |
gptkb:Reconstruction_Era
|
| gptkbp:related_to |
gptkb:war
|
| gptkbp:repealed_by |
gptkb:Revenue_Act_of_1870
|
| gptkbp:requires |
annual tax returns
|
| gptkbp:revenue |
increased tax revenue
progressive taxation customs duties excise taxes tax on alcohol tax on tobacco |
| gptkbp:significance |
first federal income tax law
|
| gptkbp:targets |
income tax
|
| gptkbp:type_of |
reduce national debt
penalties for non-compliance stimulate economic growth support agricultural development promote environmental sustainability improve national security promote trade and commerce enhance public services support education initiatives address economic inequality enhance public health initiatives encourage technological innovation facilitate urban development foster economic stability promote social welfare programs support war veterans fund infrastructure projects support civil rights initiatives 3% on incomes over $600 encourage investment in industry |
| gptkbp:bfsParent |
gptkb:Revenue_Act_of_1866
gptkb:Revenue_Act_of_1865 |
| gptkbp:bfsLayer |
7
|