|
gptkbp:instance_of
|
gptkb:legislation
|
|
gptkbp:amended_by
|
Revenue Act of 1918
|
|
gptkbp:associated_with
|
government spending
economic mobilization
|
|
gptkbp:controversy
|
debate over taxation fairness
|
|
gptkbp:date_enacted
|
gptkb:1917
|
|
gptkbp:duration
|
until 1921
|
|
gptkbp:economic_impact
|
increased federal revenue
|
|
gptkbp:effective_date
|
1917-10-03
|
|
gptkbp:enacted_by
|
gptkb:United_States_Congress
|
|
gptkbp:historical_context
|
post-World War I era
|
|
gptkbp:historical_impact
|
shaped modern tax system
|
|
gptkbp:historical_significance
|
first federal income tax during wartime
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
War Tax Act
|
|
gptkbp:includes_provisions_for
|
certain income levels
|
|
gptkbp:influenced
|
tax policy debates
taxpayer behavior
public opinion on taxation
|
|
gptkbp:influenced_by
|
economic conditions of the time
previous Tax Legislation
|
|
gptkbp:inspired
|
future tax reforms
|
|
gptkbp:introduced_in
|
gptkb:House_of_Representatives
|
|
gptkbp:is_affected_by
|
American families
American businesses
|
|
gptkbp:is_debated_in
|
Congressional hearings
|
|
gptkbp:is_implemented_in
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:is_targeted_at
|
corporations
wealthy individuals
|
|
gptkbp:legacy
|
set precedent for future wartime taxes
|
|
gptkbp:legislation
|
gptkb:War_Revenue_Act_of_1917
|
|
gptkbp:number_of_stages
|
New Deal tax policies
|
|
gptkbp:part_of
|
U. S. legislative history
U. S. fiscal policy
U. S. tax history
|
|
gptkbp:public_reaction
|
mixed reactions
|
|
gptkbp:purpose
|
to finance World War I
|
|
gptkbp:related_to
|
gptkb:World_War_I
federal budget
national debt
taxpayer rights
|
|
gptkbp:repealed_by
|
gptkb:Revenue_Act_of_1921
|
|
gptkbp:revenue
|
approximately $1.5 billion
military funding
|
|
gptkbp:signed_by
|
gptkb:President_Woodrow_Wilson
|
|
gptkbp:tax_credits
|
available for some taxpayers
|
|
gptkbp:tax_filing
|
mandatory for high earners
|
|
gptkbp:taxation_principles
|
progressive taxation
|
|
gptkbp:type_of
|
income
excess profits
required for citizens
up to 67% on high incomes
|
|
gptkbp:bfsParent
|
gptkb:Confederate_Congress
|
|
gptkbp:bfsLayer
|
5
|