gptkbp:instanceOf
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gptkb:United_States_federal_law
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gptkbp:alsoKnownAs
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gptkb:Revenue_Act_of_1913
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gptkbp:appliesTo
|
gptkb:United_States
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gptkbp:category
|
gptkb:Woodrow_Wilson_administration
1913 in American law
Tariffs in the United States
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gptkbp:dateEnacted
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October 3, 1913
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gptkbp:effect
|
introduced graduated income tax
lowered import duties
|
gptkbp:enables
|
gptkb:Sixteenth_Amendment_to_the_United_States_Constitution
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
gptkbp:historicalPeriod
|
gptkb:Progressive_Era
|
https://www.w3.org/2000/01/rdf-schema#label
|
Underwood Tariff Act
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gptkbp:incomeTaxRate
|
1% on income over $3,000
up to 6% on income over $500,000
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gptkbp:purpose
|
reduce tariff rates
reimpose federal income tax
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gptkbp:reducedAverageTariffRate
|
from 40% to 25%
|
gptkbp:repealedBy
|
gptkb:Revenue_Act_of_1916
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gptkbp:replacedBy
|
gptkb:Payne-Aldrich_Tariff_Act
|
gptkbp:revenue
|
gptkb:tax_law
|
gptkbp:signedBy
|
gptkb:Woodrow_Wilson
|
gptkbp:sponsor
|
gptkb:Oscar_Underwood
|
gptkbp:bfsParent
|
gptkb:Oscar_Underwood
gptkb:Oscar_W._Underwood
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gptkbp:bfsLayer
|
6
|