Revenue Act of 1918
id:
revenue-act-of-1918-296-2069630
title:
Revenue Act of 1918
text:
The Revenue Act of 1918, 40 Stat. 1057, raised income tax rates over those established the previous year. The bottom tax bracket was expanded but raised from 2% to 6%. The act simplified the tax structure created by the 1917 act. Instead of applying a "like normal tax" and a "like additional tax" to the 1916 act normal tax and additional tax it created a single tax structure with a Normal Tax and a Surtax. The top rate was increased to 77%, and applied to income above $1,000,000. The top rate of
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Revenue_Act_of_1918
date created:
date modified:
2024-02-13T19:34:09Z
main entity:
{"identifier":"Q17111792","url":"https://www.wikidata.org/entity/Q17111792"}
image:
fields total:
13
integrity:
13