http://www.cch.com/wbot2013/factsheet.pdf WebRevenue Act of 1913, also known as the Underwood Tariff Act. It was signed into law by President Woodrow Wilson on October 3, 1913 – eight months after the Sixteenth Amendment to the U.S. Constitution was ratified on February 3, 1913, which allowed for the federal income tax. The income tax was aimed at collecting revenue that many
1913 in the United States - Wikipedia
WebAug 5, 2024 · The new act also had hefty taxes on alcohol and tobacco products. ... After the Pollock decision, it took Congress and at least 36 states to make the income tax legal via the 16th Amendment. By 1913, when the amendment was ratified, the average income had risen to … Web1 The present accumulated earnings tax has its antecedents in the Revenue Act of 1913 (38 Stat. 166). In 1916, the term "fraudulently" was removed from original language regard-ing the tax avoidance purpose. Although the original section levied the penalty tax directly on slow cooker chicken appetizer recipes
THE STATUTES AT LARGE - givemeliberty.org
WebApr 6, 2024 · An Act to consolidate the Provisional Collection of Taxes Act 1913 and certain other enactments relating to the provisional collection of taxes or matters connected therewith. [1st February 1968] 1 Temporary statutory effect of House of Commons resolutions affecting income tax, ... WebThe act imposed a 30% excise tax on the amount of price over $30,000 for autos, $100,000 for boats, $250,000 for airplanes, and $10,000 for furs. It also increased motor fuels taxes by 5 cents per gallon, and increased taxes on tobacco and alcoholic beverages: by 8 cents per pack of cigarettes, by $1.00 per proof gallon of liquor; by 16 cents per six-pack of beer; … WebApr 3, 2024 · Underwood-Simmons Tariff Act, also called Revenue Act of 1913, U.S. legislation enacted in October 1913 that lowered average tariff rates from about 40 percent to about 27 percent and reintroduced a federal income tax. The legislation, which fulfilled a key plank in Woodrow Wilson’s 1912 presidential campaign, is named after Alabama Rep. … slow cooker chicken bbq recipes