Wilson-Gorman Act

(redirected from Revenue Act of 1894)
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Wilson-Gorman Act

Legislation in the United States, enacted in 1894, that imposed the first income tax in peacetime. Primarily, the act significantly lowered tariffs, but levied an income tax of 2% on incomes over $4,000 to make up the lost federal revenue. The act is formally called the Revenue Act of 1894.

References in periodicals archive ?

437, 450 (1995) (discussing debate leading up to enactment of Revenue Act of 1894).

429, 586 (1895) (declaring Revenue Act of 1894 unconstitutional).

Forgotten trust: a check-the-box Achilles' heel

(37.) Senators Hill and Quay joined in efforts to block the administration of the Act, including legislation that would have removed any obstacle to courts' ruling on income tax, because they saw section 3224 of the Revenue Act of 1894, ch.

Pollock, Macomber, and the role of the federal courts in the development of the income tax in the United States