Revenue Act of 1921
E569379
The Revenue Act of 1921 was a U.S. federal tax law that significantly reduced wartime tax rates and marked the beginning of Treasury Secretary Andrew Mellon's pro-business tax reduction policies in the 1920s.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Revenue Act of 1921 canonical | 6 |
How this entity was disambiguated
This entity first appeared as the object of triple T6110063 — 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 1921 Context triple: [Mellon tax cuts of the 1920s, hasPart, Revenue Act of 1921]
-
A.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
-
B.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
-
C.
Revenue Act of 1916
The Revenue Act of 1916 was a landmark U.S. federal tax law that significantly expanded income taxation and introduced new taxes to help finance the government in the lead-up to American involvement in World War I.
-
D.
Revenue Act of 1932
The Revenue Act of 1932 was a U.S. federal law enacted during the Great Depression that sharply increased taxes to address mounting budget deficits and stabilize government finances.
-
E.
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.
- 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 1921 Target entity description: The Revenue Act of 1921 was a U.S. federal tax law that significantly reduced wartime tax rates and marked the beginning of Treasury Secretary Andrew Mellon's pro-business tax reduction policies in the 1920s.
-
A.
Revenue Act of 1918
The Revenue Act of 1918 was a major U.S. federal tax law that sharply increased income and excess profits taxes to help finance American involvement in World War I and reshape the nation’s fiscal policy.
-
B.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
-
C.
Revenue Act of 1916
The Revenue Act of 1916 was a landmark U.S. federal tax law that significantly expanded income taxation and introduced new taxes to help finance the government in the lead-up to American involvement in World War I.
-
D.
Revenue Act of 1932
The Revenue Act of 1932 was a U.S. federal law enacted during the Great Depression that sharply increased taxes to address mounting budget deficits and stabilize government finances.
-
E.
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.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tax law ⓘ |
| aimsTo |
reduce wartime tax burdens
ⓘ
stimulate economic growth through lower tax rates ⓘ |
| amends | Internal Revenue Code provisions then in force ⓘ |
| appliesTo | taxpayers in the United States ⓘ |
| appliesToJurisdiction |
United States federal government
ⓘ
linked to:
United States government
|
| associatedWith | Andrew Mellon ⓘ |
| containsProvision |
changes in estate and gift taxation
ⓘ
revisions to deductions and exemptions ⓘ rules for consolidated corporate returns ⓘ tax exemption for interest on certain state and local bonds ⓘ treatment of foreign income ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| dateSigned | 1921-11-23 ⓘ |
| effectiveDate | 1921-01-01 ⓘ |
| eliminates | excess profits tax on corporations ⓘ |
| establishes | separate capital gains tax rate ⓘ |
| field |
public finance
ⓘ
tax policy ⓘ |
| followedBy | Revenue Act of 1924 ⓘ |
| historicalContext |
end of wartime taxation in the United States
ⓘ
post-World War I demobilization ⓘ |
| historicalPeriod | Roaring Twenties ⓘ |
| inceptionOfPolicyProgram |
Mellon tax reduction program
ⓘ
linked to:
Mellon tax cuts of the 1920s
|
| introducedIn | 67th United States Congress ⓘ |
| languageOfWork | English ⓘ |
| legislativeBody | United States Congress ⓘ |
| legislativeStatus | enacted ⓘ |
| longTitle | An Act To reduce and equalize taxation, to provide revenue, and for other purposes ⓘ |
| mainSubject |
capital gains tax
ⓘ
corporate income tax ⓘ estate tax ⓘ federal income tax ⓘ gift tax ⓘ |
| maximumCapitalGainsRate | 12.5 percent ⓘ |
| modifies | capital gains tax treatment ⓘ |
| officeholderSigning | President of the United States ⓘ |
| policyDirection |
pro-business fiscal policy
ⓘ
tax reduction ⓘ |
| reduces |
corporate income tax rates
ⓘ
individual income tax rates ⓘ surtax rates on high incomes ⓘ |
| repeals |
excess profits tax
ⓘ
war-time excess profits tax provisions of the Revenue Act of 1918 ⓘ |
| replaces | Revenue Act of 1918 ⓘ |
| shortTitle | Revenue Act of 1921 ⓘ |
| signedBy | Warren G. Harding ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Revenue Act of 1921 Description of subject: The Revenue Act of 1921 was a U.S. federal tax law that significantly reduced wartime tax rates and marked the beginning of Treasury Secretary Andrew Mellon's pro-business tax reduction policies in the 1920s.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.