Revenue Act, 1934: Hearings Before the Committee on Finance, United States Senate, Seventy-third Congress, Second Session, on H. R. 7835, an Act to Provide Revenue, Equalize Taxation, and for Other Purposes. March 12 to 15, 1934U.S. Government Printing Office, 1934 - 610 sivua |
Kirjan sisältä
Tulokset 1 - 5 kokonaismäärästä 100
Sivu 6
... payment of tax if a taxpayer's gains exceed his losses ; but if the losses exceeded the gains , the taxpayer would not be allowed to deduct the excess losses from his ordinary income . Thus a tax- payer may be called upon to pay a ...
... payment of tax if a taxpayer's gains exceed his losses ; but if the losses exceeded the gains , the taxpayer would not be allowed to deduct the excess losses from his ordinary income . Thus a tax- payer may be called upon to pay a ...
Sivu 8
... pay substantially the same amount of tax as under the present law . Dividends have been exempted from the normal tax ... payment of debts . A mortgage company whose income consisted almost entirely of " interest " and which was required ...
... pay substantially the same amount of tax as under the present law . Dividends have been exempted from the normal tax ... payment of debts . A mortgage company whose income consisted almost entirely of " interest " and which was required ...
Sivu 9
... payment of gift taxes . Your committee considers it entirely proper to permit a deduction for gift taxes in computing net income . In such cases the one making a gift is re- quired to pay out money to the Government for which he ...
... payment of gift taxes . Your committee considers it entirely proper to permit a deduction for gift taxes in computing net income . In such cases the one making a gift is re- quired to pay out money to the Government for which he ...
Sivu 10
... payments do not exceed 30 percent of the selling price . It is thought that the present limit of 40 percent is not too ... payment of tax on the full paper profit when only 30 percent of the purchase price is received during the year in ...
... payments do not exceed 30 percent of the selling price . It is thought that the present limit of 40 percent is not too ... payment of tax on the full paper profit when only 30 percent of the purchase price is received during the year in ...
Sivu 11
... pay the tax upon such property even though the death occurred within 5 years from the date of death of the first decedent . Doubtless this was not intended , and the Senate should correct this mistake in order that the same property may ...
... pay the tax upon such property even though the death occurred within 5 years from the date of death of the first decedent . Doubtless this was not intended , and the Senate should correct this mistake in order that the same property may ...
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Suositut otteet
Sivu 181 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Sivu 77 - Concurrent, with the Court of Claims, of any suit or proceeding, commenced after the passage of the Revenue Act of 1921, for the recovery of any internal-revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority or any sum alleged to have been excessive or in any manner wrongfully collected, under the internalrevenue laws...
Sivu 147 - If any corporation, however created or organized, is formed or availed of for the purpose of preventing the imposition of the surtax upon its shareholders through the medium of permitting its gains and profits to accumulate instead of being divided or distributed...
Sivu 107 - That in lieu of the tax imposed by section 210 of the Revenue Act of 1918, there shall be levied, collected, and paid for each taxable year upon the net income of every individual...
Sivu 75 - ... (B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor...
Sivu 45 - We do not speak of evasion, because, when the law draws a line, a case is on one side of it or the other, and if on the safe side is none the worse legally that a party has availed himself to the full of what the law permits.
Sivu 109 - Losses from sales or exchanges of capital assets shall be allowed only to the extent allowed in sections 1211 and 1212.
Sivu 152 - That every corporation subject to taxation under this title and every personal service corporation shall make a return, stating specifically the items of its gross income and the deductions and credits allowed by this title. The return shall be sworn to by the president, vice president, or other principal officer and by the treasurer or assistant treasurer.
Sivu 75 - In the same persons or any of them, then the basis shall be the same as It would be In the hands of the transferor, Increased In the amount of gain or decreased In the amount of loss recognized to the transferor upon gueh transfer under the law applicable to the year In which the transfer was made.
Sivu 116 - Here we have the essential matter: not a gain accruing to capital, not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital however invested or employed, and coming in, being 'derived...