Revenue Act of 1971
E424485
The Revenue Act of 1971 was a U.S. federal law that adjusted income tax rates and extended various tax incentives as part of early-1970s fiscal policy.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Revenue Act of 1971 canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4251605 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Revenue Act of 1971 Context triple: [92nd United States Congress, passed, Revenue Act of 1971]
-
A.
Revenue Act of 1964
The Revenue Act of 1964 was a landmark U.S. federal tax-cut law championed by President Lyndon B. Johnson that significantly reduced individual and corporate income tax rates to stimulate economic growth.
-
B.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
C.
Tax Reform Act of 1986
The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
-
D.
Tax Equity and Fiscal Responsibility Act of 1982
The Tax Equity and Fiscal Responsibility Act of 1982 was a major U.S. federal law that significantly raised taxes and tightened fiscal policy to reduce budget deficits following the early Reagan-era tax cuts.
-
E.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Revenue Act of 1971 Target entity description: The Revenue Act of 1971 was a U.S. federal law that adjusted income tax rates and extended various tax incentives as part of early-1970s fiscal policy.
-
A.
Revenue Act of 1964
The Revenue Act of 1964 was a landmark U.S. federal tax-cut law championed by President Lyndon B. Johnson that significantly reduced individual and corporate income tax rates to stimulate economic growth.
-
B.
Revenue Act of 1934
The Revenue Act of 1934 was a New Deal-era U.S. federal tax law that increased income and corporate taxes to raise government revenue during the Great Depression.
-
C.
Tax Reform Act of 1986
The Tax Reform Act of 1986 was a landmark U.S. federal law that overhauled the tax code by lowering rates, broadening the tax base, and eliminating many deductions and shelters.
-
D.
Tax Equity and Fiscal Responsibility Act of 1982
The Tax Equity and Fiscal Responsibility Act of 1982 was a major U.S. federal law that significantly raised taxes and tightened fiscal policy to reduce budget deficits following the early Reagan-era tax cuts.
-
E.
Revenue Act of 1928
The Revenue Act of 1928 was a U.S. federal tax law that significantly revised income tax provisions and became a key subject of judicial interpretation in landmark tax avoidance cases.
- F. None of above. chosen
Statements (39)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tax law ⓘ |
| aimedAt |
influencing macroeconomic conditions
ⓘ
supporting economic policy of the Nixon administration ⓘ |
| appliesTo | federal taxpayers in the United States ⓘ |
| appliesToJurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| chamberInvolved |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| enactedIn | 92nd United States Congress ⓘ |
| field |
fiscal policy
ⓘ
taxation ⓘ |
| followedBy | Tax Reform Act of 1976 ⓘ |
| governmentBranch | legislative branch of the United States ⓘ |
| hasComponent |
provisions on income tax rate schedules
ⓘ
provisions on tax incentives ⓘ |
| hasEffect |
adjusted federal income tax rates
ⓘ
extended various tax incentives ⓘ modified federal revenue structure ⓘ |
| historicalSignificance | part of early-1970s U.S. fiscal policy adjustments ⓘ |
| inForceIn |
Internal Revenue Code
ⓘ
surface form:
United States federal tax code
|
| language | English ⓘ |
| legalForm | Act of Congress ⓘ |
| legalSystem | common law ⓘ |
| legislativeBody | United States Congress ⓘ |
| partOf | United States federal tax policy ⓘ |
| policyArea | federal budget and revenue ⓘ |
| precededBy | Revenue Act of 1969 ⓘ |
| presidentDuringEnactment | Richard Nixon ⓘ |
| regulates |
federal income taxation of corporations
ⓘ
federal income taxation of individuals ⓘ |
| signedBy | Richard Nixon ⓘ |
| subjectMatter |
federal revenue
ⓘ
income tax ⓘ tax incentives ⓘ |
| temporalContext | early 1970s ⓘ |
| timePeriod | post-World War II United States ⓘ |
| typeOfTaxChange |
extension of incentives
ⓘ
rate adjustments ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Revenue Act of 1971 Description of subject: The Revenue Act of 1971 was a U.S. federal law that adjusted income tax rates and extended various tax incentives as part of early-1970s fiscal policy.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.