War Revenue Act of 1864

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:affects established federal taxation framework
gptkbp:collection self-assessment
audits
withholding
gptkbp:community_impact debate over taxation
increased government power
gptkbp:contributed_to post-war tax reforms
gptkbp:economic_impact increased tax compliance
funded Union war efforts
gptkbp:effective_date 1864
gptkbp:enacted_by gptkb:legislation
gptkbp:enforces gptkb:Internal_Revenue_Service
gptkbp:governing_body gptkb:Department_of_the_Treasury
gptkbp:historical_context gptkb:American_Civil_War
gptkbp:historical_debate impact on the economy
fairness of taxation
role of government in taxation
gptkbp:historical_significance federal budget discussions
discussions on tax policy
debates on income tax
paved the way for modern taxation
https://www.w3.org/2000/01/rdf-schema#label War Revenue Act of 1864
gptkbp:impact increased federal revenue
gptkbp:includes_provisions_for gptkb:charitable_organizations
government bonds
certain goods
gptkbp:influenced_by economic conditions of the time
economic theories of the time
gptkbp:introduced gptkb:Salmon_P._Chase
gptkbp:is_implemented_in gptkb:Internal_Revenue_Service
gptkbp:legacy foundation for future tax legislation
gptkbp:legislation gptkb:Morrill_Tariff_Act
gptkb:Internal_Revenue_Act_of_1862
gptkbp:public_perception mixed reactions
gptkbp:purpose to raise revenue for the Civil War
gptkbp:related_event gptkb:Battle_of_Antietam
gptkb:Battle_of_Gettysburg
gptkb:Sherman's_March_to_the_Sea
gptkbp:related_to gptkb:war
gptkbp:repealed_by gptkb:Revenue_Act_of_1865
gptkbp:revenue government accountability
millions of dollars
progressive taxation
income tax
fiscal responsibility
excise taxes
taxes on goods
gptkbp:significance first federal income tax
gptkbp:successor gptkb:Revenue_Act_of_1865
gptkbp:type_of 10% on incomes over $50,000
5% on incomes over $10,000
3% on incomes over $800
gptkbp:bfsParent gptkb:Revenue_Act_of_1865
gptkbp:bfsLayer 7