Revenue Act of 1870

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:amended_by gptkb:Revenue_Act_of_1871
gptkbp:challenges enforcement issues
gptkbp:collection direct taxation
gptkbp:community_impact influenced future tax legislation
gptkbp:conflict post-war recovery
gptkbp:controversy debate over taxation fairness
gptkbp:diplomatic_relations revenue generation
fiscal responsibility
increased government funding
gptkbp:economic_impact stimulated economic growth
businesses and individuals
business investment
gptkbp:economy Reconstruction finance
gptkbp:effective_date 1870
July 14, 1870
gptkbp:enacted_by gptkb:legislation
gptkbp:enforces gptkb:government_agency
gptkbp:focus gptkb:brand
gptkbp:goal to stabilize the economy
gptkbp:governing_body gptkb:Internal_Revenue_Service
gptkb:41st_United_States_Congress
passed into law
part of a series of revenue acts
gptkbp:historical_analysis impact on American taxation
gptkbp:historical_context post-Civil War America
gptkbp:historical_debate economic equity
gptkbp:historical_significance first major tax reform post-Civil War
https://www.w3.org/2000/01/rdf-schema#label Revenue Act of 1870
gptkbp:impact increased federal revenue
gptkbp:includes_provisions_for certain essential goods
gptkbp:influenced_by Civil War financing
gptkbp:involved_countries revenue sharing
gptkbp:is_implemented_in federal regulations
gptkbp:legislation gptkb:Internal_Revenue_Act
discussions on tax policy
gptkbp:political_position regulator of economy
to modernize tax system
gptkbp:public_perception mixed responses
gptkbp:purpose to provide for the collection of revenue
gptkbp:related_to tariff laws
gptkbp:repealed_by gptkb:Revenue_Act_of_1872
gptkbp:revenue federal budget
national level
fund government operations
excise tax
ability to pay
projected income
taxes on goods and services
gptkbp:signed_by gptkb:President_Ulysses_S._Grant
gptkbp:social_structure progressive elements
gptkbp:successor gptkb:Revenue_Act_of_1872
gptkbp:type_of varied by product
gptkbp:bfsParent gptkb:the_Grant_administration
gptkbp:bfsLayer 5