Revenue Act of 1962

GPTKB entity

Statements (62)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:bfsLayer 5
gptkbp:bfsParent gptkb:Tax_Reduction_Act_of_1964
gptkbp:affects tax compliance
tax liabilities
individual taxpayers
tax brackets
corporate taxpayers
gptkbp:amended_by gptkb:Internal_Revenue_Code
gptkbp:contains tax rate reductions
provisions for tax credits
provisions for tax deductions
provisions for charitable contributions
provisions for foreign income
provisions for capital gains
provisions for depreciation
gptkbp:effective_date 1962-10-11
gptkbp:enacted_by gptkb:legislation
gptkbp:historical_debate Congressional hearings
https://www.w3.org/2000/01/rdf-schema#label Revenue Act of 1962
gptkbp:impact increased consumer spending
gptkbp:includes_provisions_for tax incentives for businesses
increased standard deduction
changes to estate tax
investment tax credit
gptkbp:influenced future tax legislation
gptkbp:influenced_by gptkb:Kennedy's_New_Frontier
gptkbp:influences gptkb:government_agency
gptkbp:introduced gptkb:John_F._Kennedy
gptkbp:is_discussed_in gptkb:Congressional_Record
gptkbp:is_implemented_in gptkb:Internal_Revenue_Service
gptkbp:is_opposed_by some conservative lawmakers
gptkbp:is_supported_by gptkb:High_School
gptkbp:part_of 1960s tax reforms
gptkbp:purpose reduce income tax rates
gptkbp:related_to economic growth
fiscal policy
IRS regulations
political climate
economic stability
federal budget
legislative process
income inequality
social programs
public spending
government revenue
Economic Expansion
taxpayer assistance
taxpayer rights
tax reform
wealth distribution
tax equity
taxpayer education
taxpayer compliance
tax policy debates
taxpayer services
taxpayer advocacy
taxpayer behavior
gptkbp:repealed_by gptkb:Tax_Reform_Act_of_1976
gptkbp:revenue decrease in federal revenue
gptkbp:signed_by gptkb:John_F._Kennedy
gptkbp:successor Revenue Act of 1964