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Income Tax War Act (1917)

During the First World War the income war tax, introduced in 1917 as a companion to the Military Service Act, was implemented ostensibly to conscript the excesses of the nation’s wealth to match the forced enlistment for military service. The rates were deliberately low and affected only a minority of people. The income tax became the federal government’s largest permanent source of revenue, part of an environment in which "business as usual" had given way to remarkable government intervention in the economy.

Related Biographies

BORDEN, Sir ROBERT LAIRD

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Income tax - Wikipedia

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