The Revenue Act of 1916___________________.

A) increased the tax on munitions manufacturers
B) increased the tax on low incomes
C) reduced federal taxes on large estates
D) reduced the tax on corporate profits

Revenue Act of 1916

A United States federal law designed to increase income tax rates and impose estate taxes to fund military preparedness before entering World War I.

Munitions Manufacturers

Companies or entities engaged in the production of materials, devices, and equipment intended for use in warfare, including weapons and ammunition.

Corporate Profits

The earnings obtained by corporations after all expenses and taxes have been paid, indicating the financial success and health of a company.