Revenue Act of 1938
E544774
The Revenue Act of 1938 was a U.S. federal tax law that revised income and corporate tax structures in the late New Deal era, aiming to increase federal revenues and address perceived inequities in the tax system.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Revenue Act of 1938 canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tax law ⓘ |
| aimedAt |
broadening the tax base
ⓘ
reducing perceived tax avoidance ⓘ |
| appliesTo |
corporations in the United States
ⓘ
individual taxpayers in the United States ⓘ |
| appliesToJurisdiction |
United States government
ⓘ
surface form:
United States federal government
United States income tax system ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| describedBySource | United States Statutes at Large NERFINISHED ⓘ |
| field |
public finance
ⓘ
tax policy ⓘ |
| follows |
Revenue Act of 1936
NERFINISHED
ⓘ
Revenue Act of 1937 NERFINISHED ⓘ |
| goal |
address inequities in the tax system
ⓘ
increase federal revenues ⓘ revise corporate tax structure ⓘ revise income tax structure ⓘ |
| hasContext |
Great Depression recovery policies
ⓘ
New Deal fiscal policy ⓘ |
| hasEffect |
adjusted treatment of corporate earnings
ⓘ
affected federal revenue collections ⓘ altered tax base definitions ⓘ changed deductions and exemptions ⓘ modified corporate income tax rates ⓘ modified individual income tax rates ⓘ |
| historicalPeriod | interwar period ⓘ |
| inception | 1938 ⓘ |
| isPartOf | United States revenue acts series NERFINISHED ⓘ |
| languageOfWork | English ⓘ |
| legalForm | Act of Congress ⓘ |
| legalSystem | common law ⓘ |
| legislativeBody | United States Congress ⓘ |
| legislativeProcess | enacted as part of ongoing New Deal tax reforms ⓘ |
| mainSubject |
corporate tax
ⓘ
federal taxation ⓘ income tax ⓘ |
| partOf |
New Deal era legislation
ⓘ
United States federal tax code history ⓘ |
| pointInTime | 1938 ⓘ |
| precedes | Revenue Act of 1940 NERFINISHED ⓘ |
| reasonForEnactment |
concerns about fairness of existing tax burdens
ⓘ
need for additional federal revenue in late 1930s ⓘ |
| regulates |
federal corporate income taxation
ⓘ
federal income taxation ⓘ |
| temporalContext | late New Deal era ⓘ |
| typeOfTaxAddressed |
direct tax
ⓘ
progressive income tax ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.