Income Tax Law: Analysis and Comment |
From inside the book
Results 1-5 of 20
Page 18
... levied upon the entire net income , but are the rates levied against the top part only of such income . In the use of the table an allowance must , of course , be made for any items of income which are free from certain , but not all ...
... levied upon the entire net income , but are the rates levied against the top part only of such income . In the use of the table an allowance must , of course , be made for any items of income which are free from certain , but not all ...
Page 27
... 20.54 21.43 18.50 19.00 19.50 20.00 20.50 21.00 21.50 22.00 23.00 24.00 19.27 19.79 20.31 20.84 21.36 21.88 22.40 22.92 23.96 25.00 20.13 20.68 21.23 21.74 22.28 22.83 23.37 23.90 25.00 26.09 on the Income Tax for 1918 as levied by the 27.
... 20.54 21.43 18.50 19.00 19.50 20.00 20.50 21.00 21.50 22.00 23.00 24.00 19.27 19.79 20.31 20.84 21.36 21.88 22.40 22.92 23.96 25.00 20.13 20.68 21.23 21.74 22.28 22.83 23.37 23.90 25.00 26.09 on the Income Tax for 1918 as levied by the 27.
Page 29
... levied a " War Income Tax , ” which was in addition to the taxes levied by the law of 1916. Thus , for 1917 the total rate of taxa- tion was the combined rates of the 1916 and 1917 laws . In February , 1919 , Congress passed the Revenue ...
... levied a " War Income Tax , ” which was in addition to the taxes levied by the law of 1916. Thus , for 1917 the total rate of taxa- tion was the combined rates of the 1916 and 1917 laws . In February , 1919 , Congress passed the Revenue ...
Page 30
... levied a basic or normal tax of one per cent . and surtaxes or so called additional taxes of from one to six per cent . on successively higher ranges of income . This made the tax under the 1913 Act , then considered heavy , range from ...
... levied a basic or normal tax of one per cent . and surtaxes or so called additional taxes of from one to six per cent . on successively higher ranges of income . This made the tax under the 1913 Act , then considered heavy , range from ...
Page 31
... the non - resident alien was Non - Resident not subject to the normal tax of two per cent . levied by Aliens that law , but was subject to the normal tax of the Law Increasing Tax Rates Apply to Top Income " Normal " 31 ANALYSIS AND ...
... the non - resident alien was Non - Resident not subject to the normal tax of two per cent . levied by Aliens that law , but was subject to the normal tax of the Law Increasing Tax Rates Apply to Top Income " Normal " 31 ANALYSIS AND ...
Common terms and phrases
accounting period allowable deductions amount of tax amounts received apply approval assessed basis beneficiary bonds calendar year 1918 cent centum citizen or resident collected computed contract deductions and credits deemed deputy collector distributed district domestic corporation earnings or profits entire period estate or trust excess profits taxes fair market value February 28 Federal fiduciary fiscal foreign corporation foreign country gross income income derived income exceeds installment interest Internal Revenue inventory liable Liberty Bond Liberty Loan living with husband loss Municipal Bonds net income exceeds non-resident alien individual normal tax obligations paid or accrued partnership payment personal exemption personal service corporation Philippine Islands poration Porto Rico prescribed purpose rates redetermination regulations Revenue Act section 252 statute stockholders surtax tax due tax free tax imposed Taxable Securities taxes paid taxpayer thereof tion trade or business Treasury Department United War Finance Corporation war profits withholding agent
Popular passages
Page 112 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 103 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity.
Page 133 - It shall be unlawful for any collector, deputy collector, agent, clerk, or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law to any person the operations, style of work, or apparatus of any manufacturer or producer visited by him in the discharge of his official duties, or the amount or source of income, profits, losses, expenditures, or any particular thereof,.
Page 135 - The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax unless the tax has been paid before the discovery of the neglect, falsity, or fraud, in which case the amount so added shall be collected in the same manner as the tax.
Page 103 - ... taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 117 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 120 - States and not having any office or place of business therein, there shall be deducted and withheld at the source in the same manner and upon the same items of income as is provided in section...
Page 113 - If the change is from calendar year to fiscal year, a separate return shall be made for the period between the close of the last calendar year for which return was made and the date designated as the close of the fiscal year.
Page 134 - ... whenever any person who is required to deliver a monthly or other return of objects subject to tax fails to do so at the time required, or delivers any return which, in the opinion of the collector, is false or fraudulent, or contains any undervaluation or understatement...
Page 101 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...