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 8
... reduction of the normal tax rate , with the result that a salaried man and a taxpayer receiving ordinary income will ... reduce this saving to 4 percent by prescribing a flat 4 percent normal tax rate . The difference between this and ...
... reduction of the normal tax rate , with the result that a salaried man and a taxpayer receiving ordinary income will ... reduce this saving to 4 percent by prescribing a flat 4 percent normal tax rate . The difference between this and ...
Sivu 32
... reduction of $ 21,272,000,000 - while total property income - interest and dividends — had dropped to $ 8,489,000,000 , a reduction of only $ 3,726,000,000 . Net rents and royalties and other entrepeneurial unearned income fell from ...
... reduction of $ 21,272,000,000 - while total property income - interest and dividends — had dropped to $ 8,489,000,000 , a reduction of only $ 3,726,000,000 . Net rents and royalties and other entrepeneurial unearned income fell from ...
Sivu 37
... reduced and reorganiza- tions should be ended ; dividends out of pre March 1 , 1913 , earnings should be taxed , partnerships should be taxed , and consolidated returns stopped . The committee's recommendations on " capital gains and ...
... reduced and reorganiza- tions should be ended ; dividends out of pre March 1 , 1913 , earnings should be taxed , partnerships should be taxed , and consolidated returns stopped . The committee's recommendations on " capital gains and ...
Sivu 39
... reduction of gains and losses does not apply . However , capital losses sustained by corporations are allowed only to the ... reduce ordinary income . Whether it is in fact safe , even from a revenue angle , must depend , we think , upon ...
... reduction of gains and losses does not apply . However , capital losses sustained by corporations are allowed only to the ... reduce ordinary income . Whether it is in fact safe , even from a revenue angle , must depend , we think , upon ...
Sivu 48
... reduce the volume of American foreign business , then , we submit , aside from the direct economic loss to Ameri- can producers , there would be an indirect loss to the Treasury , not alone because of diminished taxable profits but from ...
... reduce the volume of American foreign business , then , we submit , aside from the direct economic loss to Ameri- can producers , there would be an indirect loss to the Treasury , not alone because of diminished taxable profits but from ...
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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...