Revenue Act Of 1913 Text

The united states revenue act of 1913 also known as the tariff act underwood tariff or underwood simmons act ch.

Revenue act of 1913 text. The administrative provisions of the revenue act of 1913 is an article from the quarterly journal of economics volume 28. Wilson and other members of the democratic party had long seen high tariffs as equivalent to unfair taxes on consumers and tariff reduction was. Section iii the one here under consideration settles the administrative details of the tariff. A corporation tax had already been included in the payne aldrich tariff law.

As from february 28 b for the purposes of this act every distribution is made out of. Sein unmittelbares ziel war es sich der umstrittenen tariffrage zu stellen. 11 24 2002 3 30 21 pm. Revenue act of 1913 text posted by on 114 october 13 1913 re imposed the federal income tax after the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909.

Withholding had been used during the civil war to collect taxes on some kinds of income but the 1913 act envisioned a more ambitious regime. 16 usstat 38 116 october 3 1913 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 tariff act of 1909. Fortaxation deemd december 31 1917 and prior to january 1 1922. The revenue act of 1913 re imposed the federal income tax without regard to the population of each state.

Effect of the federal income tax the effect of the underwood tariff aka the revenue act of 1913 on federal income tax was as follows. 114 october 13 1913 re imposed the federal income tax after the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909. As was aptly said by one of the ambassa 1 the revenue act of 1913 is entitled an act to reduce tariff duties and to provide revenue for the government and for other purposes section i fixes the tariff duties. View more articles from the.

The revenue act of 1913 also known as the underwood tariff or the underwood simmons act re established a federal income tax in the united states and substantially lowered tariff rates. The revenue act of 1913 also known as the tariff act the underwood tariff the underwood act the underwood tariff act or the underwood simmons act ch. Corporations sinee de since february 28 1913 except a distribution made by a personal cembr 31 917 e service corporation out of earnings or profits accumulated since cepted. Section ii levies the income tax.

The act was sponsored by representative oscar underwood passed by the 63rd united states congress and signed into law by president woodrow wilson.