Revenue Act of 1926

Treasury Secretary Andrew Mellon continued his drive toward the reduction of the size of government and the tax burdens it imposed on its citizens.

Highlights of the 1926 law included:

  • the reduction of inheritance and personal income taxes;

  • the cancellation of many excise imposts (luxury or nuisance taxes);

  • the end of public access to federal income tax returns.
The continuation of Republican tax reduction efforts would be evident again in the Revenue Act of 1928.

See other domestic activity during the Coolidge administration.

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The Townshend Revenue Act
XAnd whereas by an act of parliament made in the fourteenth year of the reign of King Charles the Second, intituled, An act for preventing frauds, and regulating abuses, in his Majesty's customs, and several other acts now in force, it is lawful ...

Historical Documents - The Sugar Act - Titled The American Revenue Act of 1764
This act forbade the importation of foreign rum; put a modest duty on molasses from all sources and levied duties on wines, silks, coffee and a number of other luxury items. The hope was that lowering the duty on molasses would reduce the ...

Florida Constitutional Amendments of 1926
... Constitution of the State of Florida, Section 18 of the Declaration of Rights of said Constitution, be and the same is hereby agreed to and the same shall be submitted to the qualified electors of the State of Florida for ratification or ...