On October 3, , in a decision that makes international headlines, an Italian appeals court overturns the murder conviction of Amanda Knox, an American exchange student who two years earlier was found guilty in the murder of her British roommate, Meredith Kercher, in A hunger strike by Irish nationalists at the Maze Prison in Belfast in Northern Ireland is called off after seven months and 10 deaths.
With the admission of Iraq into the League of Nations, Britain terminates its mandate over the Arab nation, making Iraq independent after 17 years of British rule and centuries of Ottoman rule. At the end of a sensational trial, former football star O. Simpson is acquitted of the brutal double murder of his estranged wife, Nicole Brown Simpson, and her friend, Ronald Goldman.
Sign up now to learn about This Day in History straight from your inbox. On October 3, , third baseman Bobby Thomson hits a one-out, three-run home run in the bottom of the ninth inning to win the National League pennant for the New York Giants.
On October 3, , expressing gratitude for a pivotal Union Army victory at Gettysburg, President Abraham Lincoln announces that the nation will celebrate an official Thanksgiving holiday on November 26, The speech, which was actually written by Secretary of State William Canby was the highest ranking military official and one of the only generals ever killed by Native Americans. On October 3, , Woody Guthrie, godfather of the s folk revival movement, dies.
In , Bob Dylan was asked by the authors of a forthcoming book on Woody Guthrie to contribute a word comment summarizing his thoughts on the man who had probably been his greatest The act had given the president the authority to appoint one assessor and one collector for each state, but the U. The federal government left it up to the states to enforce the tax at their discretion. In order to standardize and enforce compliance with the new taxes, the Commissioner of Internal Revenue was empowered to publish regulations, forms, and instructions for the tax and to carry out other actions to put the act into effect.
The name was changed to emphasize a greater focus on serving the public rather than merely collecting taxes. United States Senate.
Featured Document: The Revenue Act of Library of Congress. Session II. Accessed Nov. Senate, Committee on the Judiciary, Subcommittee on the Constitution. Tax Laws. Wealth Management. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.
We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Fiscal Policy Tax Laws. What Is the Revenue Act of ? The Revenue Act of revised and expanded the previous Revenue Act of to raise additional revenue as it had become apparent that the war would last longer and cost more than initially hoped.
This act is notable for its dramatic expansion of goods and services subject to federal excise, the introduction of the first progressive income tax, and the establishment of a centralized federal tax bureaucracy. Article Sources. It also repealed the corporate income tax. The first Form was introduced. It codified all existing tax laws and imposed a progressive income-tax rate structure of up to 77 percent. Congress passed the Volstead Act, which gave the Commissioner of Internal Revenue the primary responsibility for enforcement of Prohibition.
Eleven years later, the Department of Justice assumed primary prohibition enforcement duties. Capone was convicted of tax evasion and sentenced to 11 years. IRS again assumed responsibility for alcohol taxation the following year and for administering the National Firearms Act.
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