|
gptkbp:instance_of
|
gptkb:legislation
|
|
gptkbp:amended_by
|
Revenue Act of 1916
|
|
gptkbp:contributed_to
|
economic inequality debates
|
|
gptkbp:date_enacted
|
1913
|
|
gptkbp:economic_impact
|
increased federal revenue
|
|
gptkbp:economic_policy
|
government spending
|
|
gptkbp:enacted_by
|
gptkb:United_States_Congress
|
|
gptkbp:established
|
progressive income tax
|
|
gptkbp:goal
|
reduce tariff rates
|
|
gptkbp:historical_context
|
pre-World War I America
|
|
gptkbp:historical_significance
|
first federal income tax law
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Revenue Act of 1913
|
|
gptkbp:impact
|
wealth distribution
|
|
gptkbp:includes_provisions_for
|
certain deductions
|
|
gptkbp:increased
|
tariff rates
|
|
gptkbp:influenced
|
future tax legislation
|
|
gptkbp:influenced_by
|
Populist movement
|
|
gptkbp:introduced
|
gptkb:President_Woodrow_Wilson
|
|
gptkbp:is_opposed_by
|
gptkb:Republican_Party
|
|
gptkbp:is_supported_by
|
gptkb:Democratic_Party
|
|
gptkbp:legacy
|
foundation for modern tax system
|
|
gptkbp:notable_changes
|
income tax rates
|
|
gptkbp:part_of
|
Progressive Era reforms
New Freedom program
|
|
gptkbp:political_impact
|
shift in tax policy
|
|
gptkbp:public_reaction
|
mixed responses
|
|
gptkbp:related_to
|
gptkb:Federal_Reserve_Act
|
|
gptkbp:repealed_by
|
gptkb:Revenue_Act_of_1924
|
|
gptkbp:replaced_by
|
Revenue Act of 1916
|
|
gptkbp:revenue
|
$28 million
government funding
federal budget
income tax
increased tax base
|
|
gptkbp:tax_bracket
|
1% on incomes over $3,000
6% on incomes over $500,000
|
|
gptkbp:tax_collection
|
gptkb:IRS
|
|
gptkbp:tax_payer
|
individuals and corporations
|
|
gptkbp:taxation_challenges
|
compliance and enforcement issues
|
|
gptkbp:taxation_debate
|
progressive vs. regressive taxation
|
|
gptkbp:taxation_effect
|
redistribution of wealth
|
|
gptkbp:taxation_history
|
U. S. tax system evolution
|
|
gptkbp:taxation_impact
|
social programs funding
|
|
gptkbp:taxation_outcomes
|
increased public services
|
|
gptkbp:taxation_principle
|
ability to pay
|
|
gptkbp:taxation_reform
|
modernization of tax code
|
|
gptkbp:trade_goods
|
gptkb:Keynesian_economics
|
|
gptkbp:type_of
|
economic stability
progressive taxation
increased enforcement
1% on first $20,000
2% on next $40,000
3% on next $80,000
4% on next $100,000
5% on next $200,000
6% on income over $500,000
|
|
gptkbp:bfsParent
|
gptkb:62nd_United_States_Congress
gptkb:Underwood_Tariff_Act
gptkb:63rd_United_States_Congress
|
|
gptkbp:bfsLayer
|
4
|