Revenue Act of 1942

E125221

United States federal statute tax law

The Revenue Act of 1942 was a major U.S. tax law that greatly expanded the federal income tax base and increased rates to help finance American involvement in World War II.

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All labels observed (3)

Label	Occurrences
Revenue Act of 1941	1
Revenue Act of 1942 canonical	1
Revenue Acts of 1942 and 1943	1

How this entity was disambiguated

This entity first appeared as the object of triple T1083735 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Revenue Act of 1942
Context triple: [77th United States Congress, passedLegislation, Revenue Act of 1942]

A. Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
B. Revenue Act of 1935
The Revenue Act of 1935 was a New Deal-era U.S. federal law that significantly increased taxes on high incomes, large inheritances, and corporate profits in an effort to redistribute wealth during the Great Depression.
C. Budget and Accounting Act of 1921
The Budget and Accounting Act of 1921 is a landmark U.S. federal law that centralized the national budgeting process in the executive branch and established modern mechanisms for federal budget preparation and oversight.
D. Wheeler-Rayburn Act
The Wheeler-Rayburn Act is a New Deal-era U.S. federal law that restructured and regulated electric utility holding companies to curb monopolistic practices and protect consumers and investors.
E. Enabling Act of 1933
The Enabling Act of 1933 was a pivotal German law that granted Adolf Hitler’s government the power to enact legislation without parliamentary consent, effectively establishing his dictatorial rule.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Revenue Act of 1942
Target entity description: The Revenue Act of 1942 was a major U.S. tax law that greatly expanded the federal income tax base and increased rates to help finance American involvement in World War II.

A. Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
B. Revenue Act of 1935
The Revenue Act of 1935 was a New Deal-era U.S. federal law that significantly increased taxes on high incomes, large inheritances, and corporate profits in an effort to redistribute wealth during the Great Depression.
C. Budget and Accounting Act of 1921
The Budget and Accounting Act of 1921 is a landmark U.S. federal law that centralized the national budgeting process in the executive branch and established modern mechanisms for federal budget preparation and oversight.
D. Wheeler-Rayburn Act
The Wheeler-Rayburn Act is a New Deal-era U.S. federal law that restructured and regulated electric utility holding companies to curb monopolistic practices and protect consumers and investors.
E. Enabling Act of 1933
The Enabling Act of 1933 was a pivotal German law that granted Adolf Hitler’s government the power to enact legislation without parliamentary consent, effectively establishing his dictatorial rule.
F. None of above. chosen

Statements (38)

Predicate	Object
instanceOf	United States federal statute ⓘ tax law ⓘ
appliesToJurisdiction	United States federal government ⓘ linked to: United States government
country	United States ⓘ linked to: United States of America
enactedDuring	World War II ⓘ
enactedDuringPresidencyOf	Franklin D. Roosevelt ⓘ linked to: President Franklin D. Roosevelt
enactedInYear	1942 ⓘ
field	public finance ⓘ taxation ⓘ
finances	United States war effort in World War II ⓘ
follows	Revenue Act of 1938 ⓘ Revenue Act of 1941 ⓘ linked to: Revenue Act of 1942
governmentBranch	legislative branch of the United States ⓘ
hasCategory	1942 in American law ⓘ United States federal taxation legislation ⓘ World War II home front in the United States ⓘ linked to: United States home front during World War II
hasEffectOn	corporate income tax ⓘ excess profits tax ⓘ individual income tax ⓘ withholding and collection of taxes ⓘ
historicalSignificance	marked a major shift toward mass income taxation in the United States ⓘ substantially increased the share of the population paying federal income tax ⓘ
implementedPolicy	broader tax base with higher rates ⓘ
language	English ⓘ
legalForm	Act of Congress ⓘ
legislativeBody	United States Congress ⓘ
mainEffect	broadened the number of Americans subject to income tax ⓘ greatly expanded the federal income tax base ⓘ increased federal income tax rates ⓘ raised additional revenue for war expenditures ⓘ
partOf	United States federal tax system ⓘ
purpose	to help finance American involvement in World War II ⓘ to increase federal tax revenues ⓘ
regulates	federal income taxation of corporations ⓘ federal income taxation of individuals ⓘ
signedBy	Franklin D. Roosevelt ⓘ linked to: President Franklin D. Roosevelt
signingPresident	Franklin D. Roosevelt ⓘ linked to: President Franklin D. Roosevelt
startPointInTime	1942 ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

77th United States Congress → passedLegislation → Revenue Act of 1942 ⓘ

United States home front during World War II → legislation → Revenue Acts of 1942 and 1943 ⓘ

linked to: Revenue Act of 1942

Revenue Act of 1942 → follows → Revenue Act of 1941 ⓘ