The Revenue Act of 1926 was a significant piece of legislation in the United States that aimed to reduce federal income tax rates. It lowered taxes for individuals and corporations, reflecting the government's approach to stimulate economic growth during the post-World War I era. The act also included provisions for estate taxes, which affected wealth transfer after death. Additionally, the act sought to simplify the tax code by eliminating certain tax exemptions and deductions. This legislation was part of a broader trend in the 1920s, where the government aimed to encourage investment and consumer spending, contributing to the economic prosperity of the decade.