Revenue Act of 1917

E590716

The Revenue Act of 1917 was a U.S. federal law that significantly increased income and excess profits taxes to help finance American involvement in World War I.

All labels observed (2)

Label Occurrences
War Revenue Act of 1917 4
Revenue Act of 1917 canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf United States federal statute ⓘ
tax law ⓘ
alsoKnownAs War Revenue Act of 1917 ⓘ
linked to: Revenue Act of 1917
amends Revenue Act of 1916 ⓘ
appliesTo business profits ⓘ
corporations ⓘ
individual taxpayers ⓘ
appliesToJurisdiction United States federal government ⓘ
authority United States Constitution Article I taxing power ⓘ
country United States ⓘ
effect greater progressivity of the federal tax system ⓘ
substantial increase in federal tax revenues ⓘ
enactedDuringConflict World War I ⓘ
enactmentDate 1917-10-03 ⓘ
enactmentYear 1917 ⓘ
followedBy Revenue Act of 1918 ⓘ
governmentBranch legislative branch of the United States ⓘ
historicalContext United States entry into World War I ⓘ
historicalPeriod Progressive Era ⓘ
implementedBy Bureau of Internal Revenue ⓘ
United States Treasury Department ⓘ
increased corporate income tax burden ⓘ
excess profits tax rates ⓘ
individual income tax rates ⓘ
introducedConcept war excess profits tax ⓘ
legalArea federal taxation ⓘ
legislativeBody United States Congress ⓘ
partOf United States federal tax code history ⓘ
policyGoal to shift more tax burden to high incomes and corporate profits ⓘ
policyType fiscal policy ⓘ
presidentAtEnactment Woodrow Wilson ⓘ
primaryPurpose to increase excess profits taxes ⓘ
to increase federal income tax rates ⓘ
to raise revenue for World War I ⓘ
relatedTo United States income tax history ⓘ
United States war revenue legislation ⓘ
revenueType excess profits tax ⓘ
income tax ⓘ
war profits tax ⓘ
signedBy Woodrow Wilson ⓘ
subjectMatter progressive taxation ⓘ
war finance ⓘ
taxBase excess profits over a defined normal return ⓘ
net income ⓘ

How these facts were elicited

Referenced by (6)

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

Revenue Act of 1916 → replacedBy → Revenue Act of 1917 ⓘ
Revenue Act of 1918 → predecessor → War Revenue Act of 1917 ⓘ
linked to: Revenue Act of 1917
65th United States Congress → enacted → War Revenue Act of 1917 ⓘ
linked to: Revenue Act of 1917
Wilson administration → legislation → Revenue Act of 1917 ⓘ
Wilson administration → legislation → War Revenue Act of 1917 ⓘ
linked to: Revenue Act of 1917
Revenue Act of 1917 → alsoKnownAs → War Revenue Act of 1917 ⓘ
linked to: Revenue Act of 1917