Revenue Act
Encyclopedia
British Empire
- Revenue Act of 1764, popularly known as the Sugar ActSugar ActThe Sugar Act, also known as the American Revenue Act or the American Duties Act, was a revenue-raising act passed by the Parliament of Great Britain on April 5, 1764. The preamble to the act stated: "it is expedient that new provisions and regulations should be established for improving the...
- Revenue Act of 1766Revenue Act of 1766The Revenue Act 1766 was an act passed by the Parliament of Great Britain in response to objections raised to the Sugar Act 1764. The Revenue Act was passed in conjunction with the Free Port Act 1766....
- Revenue Act of 1767 (7 Geo. III c. 46), one of the Townshend ActsTownshend ActsThe Townshend Acts were a series of laws passed beginning in 1767 by the Parliament of Great Britain relating to the British colonies in North America. The acts are named after Charles Townshend, the Chancellor of the Exchequer, who proposed the program...
United States
- Revenue Act of 1861Revenue Act of 1861The Revenue Act of 1861, formally cited as , included the first U.S. Federal income tax statute . The Act, motivated by the need to fund the Civil War , imposed an income tax to be "levied, collected, and paid, upon the annual income of every person residing in the United States, whether such...
- Revenue Act of 1862Revenue Act of 1862The Revenue Act of 1862 , was passed by the United States Congress to help fund the American Civil War. The Act was signed into law by President Abraham Lincoln, introducing the first progressive rate income tax to the country....
- Revenue Act of 1894, known as the Wilson-Gorman Tariff ActWilson-Gorman Tariff ActThe Revenue Act or Wilson-Gorman Tariff of 1894 slightly reduced the United States tariff rates from the numbers set in the 1890 McKinley tariff and imposed a 2% income tax. It is named for William L. Wilson, Representative from West Virginia, chair of the U.S. House Ways and Means Committee, and...
- Revenue Act of 1913Revenue Act of 1913The United States Revenue Act of 1913 also known as the Tariff Act, Underwood Tariff, Underwood Tariff Act, or Underwood-Simmons Act , re-imposed the federal income tax following the ratification of the Sixteenth Amendment and lowered basic tariff rates from 40% to 25%, well below the Payne-Aldrich...
- Revenue Act of 1916Revenue Act of 1916The United States Revenue Act of 1916, raised the lowest income tax rate from 1 % to 2 % and raised the top rate to 15 % on taxpayers with incomes above $2 million...
- Revenue Act of 1918Revenue Act of 1918The Revenue Act of 1918, 40 Stat. 1057, raised income tax rates once again. The bottom tax bracket was expanded but raised from 2% to 6%.The act simplified the tax structure created by the 1917 act...
- Revenue Act of 1921Revenue Act of 1921The United States Revenue Act of 1921 was the first Republican tax reduction following their landslide victory in the 1920 federal elections. New Secretary of the Treasury Andrew Mellon argued that significant tax reduction was necessary in order to spur economic expansion and restore...
- Revenue Act of 1924Revenue Act of 1924The United States Revenue Act of 1924 , also known as the Mellon tax bill cut federal tax rates and established the U.S. Board of Tax Appeals, which was later renamed the United States Tax Court in 1942. The bill was named after U.S...
- Revenue Act of 1926Revenue Act of 1926The United States Revenue Act of 1926, , reduced inheritance and personal income taxes, cancelled many excise imposts, and ended public access to federal income tax returns.Passed by the 69th Congress, it was signed into law by President Calvin Coolidge....
- Revenue Act of 1928Revenue Act of 1928The Revenue Act of 1928 , formerly codified in part at 26 U.S.C. sec. 22, is a statute enacted by the 70th United States Congress in 1928 regarding tax policy....
- Revenue Act of 1932Revenue Act of 1932The Revenue Act of 1932 raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent...
- Revenue Act of 1935Revenue Act of 1935The Revenue Act of 1935, , raised United States taxes on higher income levels, gifts, estates and corporations, by introducing the "Wealth Tax". It was a new graduated tax that took up to 75 percent of the highest incomes in taxes, starting at incomes above $50,000.It was signed into law by...
- Revenue Act of 1940Revenue Act of 1940The Revenue Act of 1940 temporarily and permanently increased individual income tax rates, temporarily and permanently increased corporate tax rates , and temporarily increased most excise tax rates to 30-50%....
- Revenue Act of 1941Revenue Act of 1941The Revenue Act of 1941 permanently extended the temporary individual, corporate, and excise tax increases of 1940, increased the excess profits tax by 10 percentage points and increased corporate tax rates 6-7 percentage points .Some excise taxes were temporarily increased...
- Revenue Act of 1942Revenue Act of 1942The United States Revenue Act of 1942, Pub. L. 753, Ch. 619, 56 Stat. 798 , increased individual income tax rates, increased corporate tax rates , and reduced the personal exemption amount from $1,500 to $1,200...
- Revenue Act of 1943Revenue Act of 1943The United States Revenue Act of 1943 increased federal excise taxes on, among other things, alcohol, jewelry, telephones, and admissions, and raised the excess profits tax rate from 90 % to 95 %....
- Revenue Act of 1945Revenue Act of 1945The United States Revenue Act of 1945 repealed the excess profits tax, reduced individual income tax rates , and reduced corporate tax rates ....
- Revenue Act of 1948Revenue Act of 1948The United States Revenue Act of 1948 reduced individual income tax rates 5-13 percent, increased the personal exemption amount from $500 to $600, permitted married couples to split their incomes for tax purposes, made the distinction between community property jurisdictions and non-community...
- Revenue Act of 1950Revenue Act of 1950The United States Revenue Act of 1950 eliminated a portion of the individual income tax rate reductions from the 1945 and 1948 tax acts, and increased the top corporate rate from 38 percent to 45 percent....
- Revenue Act of 1951Revenue Act of 1951The United States Revenue Act of 1951 temporarily increased individual income tax rates through 1953, and temporarily raised corporate tax rates 5 percentage points through March 31, 1954....
- Revenue Act of 1962Revenue Act of 1962The United States Revenue Act of 1962 established a 7% investment tax credit and required information reporting to the government for interest and dividend payments....
- Revenue Act of 1964Revenue Act of 1964The United States Revenue Act of 1964 , also known as the Tax Reduction Act, was a bipartisan tax cut bill signed by President Lyndon Johnson on February 26, 1964. Individual income tax rates were cut across the board by approximately 20%...
- Revenue Act of 1978Revenue Act of 1978The United States Revenue Act of 1978, , amended the Internal Revenue Code by reducing individual income taxes , increasing the personal exemption from $750 to $1,000, reducing corporate tax rates , increasing the standard deduction from $3,200 to $3,400 ,...