Revenue Act Of 1921

The revenue act of 1921.

Revenue act of 1921. When the conflict ended the nation faced two choices. 227 november 23 1921 was the first republican tax reduction following their landslide victory in the 1920 federal elections. York national bank of commerce in new. Revenue act of 1921 the immense cost of u s.

It repeals the federal excess profits tax the transportation taxes some luxury and other taxes reduces slightly the maximum surtaxes upon individ ual incomes and increases somewhat the personal exemptions of heads. 1 retain the high taxes and pay down the large debt accumulated during the war or 2 provide relief to taxpayers by reducing or eliminating taxes. The revenue act of 1921 the revenue act of 1921 became law november 23 1921. New secretary of the treasury andrew mellon argued that significant tax reduction was necessary in order to spur economic expansion and restore prosperity.

The united states revenue act of 1921 ch. Revenue act of 1921 complete text reference notes tables and index. Federal law passed by the united states congress. Revenue act of 1921 is the popular name of a piece of legislation of congress by which it should be cited.

The revenue act of 1921 was signed into law by president.