The United States Revenue Act of 1978, Pub. L. 95–600, 92 Stat. 2763, enacted November 6, 1978, amended the Internal Revenue Code by reducing individual income taxes (widening tax brackets and reducing the number of tax rates), increasing the personal exemption from $750 to $1,000, reducing corporate tax rates (the top rate falling from 48 ...

Provides that provisions of the Revenue Adjustment Act of 1975 permitting a disregard of amounts refunded to an individual as an earned income credit for purposes of determining eligibility based on income for federally funded public assistance programs shall terminate in …

2009年11月16日 · On August 5, 1861, President Lincoln imposes the first federal income tax by signing the Revenue Act. Strapped for cash with which to pursue the Civil War, Lincoln and Congress agreed to...

The Revenue Act of 1913, also known as the Tariff Act of 1913, Underwood Tariff or the Underwood–Simmons Act (ch. 16, 38 Stat. 114), re-established a federal income tax in the United States and substantially lowered tariff rates.

2009年8月5日 · On this day in 1861, in order to finance the Civil War, President Abraham Lincoln signed the Revenue Act, imposing the first federal income tax in U.S. history.

2024年10月30日 · The Revenue Act of 1862 is notable for introducing the first progressive income tax in the United States and for establishing a separate federal tax bureaucracy that would eventually become the...

Fessenden’s first attempt to fund the war, the Revenue Act of 1861, fell far short of its goals. Hastily created during a special session, the bill taxed imports, provided for a direct land tax, and imposed a tax of 3% on individual incomes over $800.

1942 - The Revenue Act of 1942, hailed by President Roosevelt as "the greatest tax bill in American history," passed Congress. It increased taxes and the number of Americans subject to the income tax.

The Revenue Act of 1913 , passed after the Sixteenth Amendment's ratification, reinstated the federal income tax. Income Tax Today: The Internal Revenue Code is today embodied as Title 26 of the United States Code ( 26 U.S.C. ) and is a lineal descendant of the income tax act passed in 1913, following ratification of the Sixteenth Amendment.

general explanation of the revenue act of 1978 (h.r. 13511, 95th congress, public law 95-600)