{"id":4547,"canonical_url":"https://www.kudos365.com/today-in-history/events/1917ce-oct-3--4547","name":"1917 CE, October 3","year":1917,"era":"CE","month":10,"day":3,"url":"https://www.kudos365.com/today-in-history/events/1917ce-oct-3--4547","iso-date":"1917-10-03","precision":"year-month-day","description":"\u003cp\u003eThe War Revenue Act of 1917 is enacted to fund the US participation in World War I. It dramatically increased federal income tax rates and significantly expanded the number of Americans paying income tax by lowering tax exemptions and increasing tax rates.\u0026nbsp;\u003cbr\u003e\u003c/p\u003e","additional_details":"\u003cp\u003eThe act also introduced a wartime excess-profits tax on corporations, raising their tax rates from 1% to 12%. Overall, the act increased the federal tax revenue tenfold and marked a fundamental shift by making income the primary source of federal revenue replacing tariffs and excise taxes; expanding government power and foreshadowing the modern tax system. \u003ca href=\"https://www.ebsco.com/research-starters/history/us-congress-imposes-wartime-excess-profits-tax#full-article\"\u003eMore\u003c/a\u003e\u003c/p\u003e","photo":"","created_at":"2025-10-03T18:10:37-07:00","updated_at":"2025-10-03T19:26:15-07:00","breadcrumbs":{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"October History","item":"https://www.kudos365.com/today-in-history/october"},{"@type":"ListItem","position":2,"name":"October 3","item":"https://www.kudos365.com/today-in-history/october-3"}]},"schema":{"@context":"https://schema.org","@type":"Thing","@id":"https://www.kudos365.com/today-in-history/events/1917ce-oct-3--4547#eventK365","name":"1917 CE, October 3","headline":"The War Revenue Act of 1917 is enacted to fund the US participation in World War I - 1917 CE","description":"The War Revenue Act of 1917 is enacted to fund the US participation in World War I. It dramatically increased federal income tax rates and significantly...","url":"https://www.kudos365.com/today-in-history/events/1917ce-oct-3--4547","additionalType":"HistoricalEvent","inLanguage":"en","datePublished":"2025-10-03T18:10:37-07:00","dateModified":"2025-10-03T19:26:15-07:00","publisher":{"@id":"https://www.kudos365.com/#organizationK365"},"temporalCoverage":"1917-10-03","isPartOf":[{"@id":"https://www.kudos365.com/#websiteK365"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/october","name":"What Happened in October History"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/october-3#pageK365","name":"What Happened on October 3"}]}}