Farmworkers in Rural America, 1971-1972: Hearings, Ninety-second Congress, First and Second Session ...U.S. Government Printing Office, 1972 - Agricultural laborers |
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Page 3580
... recapture provisions of sec- tion 1245 of the Code . Section 213 was intended to improve the rules for disallowing losses where an activity is motivated by tax avoidance or other non - profit objectives , and section 214 provided for a ...
... recapture provisions of sec- tion 1245 of the Code . Section 213 was intended to improve the rules for disallowing losses where an activity is motivated by tax avoidance or other non - profit objectives , and section 214 provided for a ...
Page 3589
... recapture provisions of section 1245 was also eliminated . This exclusion was the principal remaining capital gains advantage in the Internal Revenue Code itself for the benefit of agricultural taxpayers , as compared to those in other ...
... recapture provisions of section 1245 was also eliminated . This exclusion was the principal remaining capital gains advantage in the Internal Revenue Code itself for the benefit of agricultural taxpayers , as compared to those in other ...
Page 3592
... recapture the desired income . In addition , mandatory inventories would inevitably prompt a demand for the same six months holding period for livestock that is a prerequisite to capital gains treatment elsewhere . Unmatched Income and ...
... recapture the desired income . In addition , mandatory inventories would inevitably prompt a demand for the same six months holding period for livestock that is a prerequisite to capital gains treatment elsewhere . Unmatched Income and ...
Page 3594
... recaptured . Undoubtedly , agriculture has had its share of investors who are will- ing to forego the use of funds for personal purposes in favor of invest- ment in farm or ranch property . Where recreational motives are para- mount ...
... recaptured . Undoubtedly , agriculture has had its share of investors who are will- ing to forego the use of funds for personal purposes in favor of invest- ment in farm or ranch property . Where recreational motives are para- mount ...
Page 3606
... recapture of depreciation on livestock , the gain may be reported as capital gain . Solving this abuse would seem to be largely a matter of enforcing the present law . Depreciation below a realistic salvage value is not permitted ...
... recapture of depreciation on livestock , the gain may be reported as capital gain . Solving this abuse would seem to be largely a matter of enforcing the present law . Depreciation below a realistic salvage value is not permitted ...
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Common terms and phrases
1st Sess 91st Cong accounting rules acreage acres agricultural American amount areas assets average basis benefit BOSTON COLLEGE Bracero Program Bureau of Reclamation BuRec California cash Commission Committee Congress corporation costs cotton crops deferral effect employment excess land expenses exports farm income farm labor farm loss farm operations farm recapture property farmers federal food stamp program gross income growers harvest hobby loss Ibid increase industry inventory investment irrigation Kern County landowners livestock Metcalf Bill migration million negative income tax nonfarm income ordinary income owner percent population production programs Ranch range land result Revenue rural America rural poor rural poverty sales proceeds San Luis Obispo seasonal Senate subsidy Table Task Force tax rate TAX REFORM 1969 taxable taxpayer tion transfers Treas Treasury United urban wages
Popular passages
Page 3732 - No right to the use of water for land in private ownership shall be sold for a tract exceeding 160 acres to any one landowner, and no such sale shall be made to any landowner unless he be an actual bona fide resident on such land, or occupant thereof residing in the neighborhood of said land, and no such right shall permanently attach until all payments therefor are made.
Page 3932 - This report must state that we found filth, squalor, an entire absence of sanitation, and a crowding of human beings 9-133 O - 73 - pt. 5B - 25 into totally inadequate tents or crude structures built. of boards, needs and anything that was .found at hand to give a pitiful semblance of a home at its worst.
Page 3761 - Forest land which is producing or is capable of producing crops of industrial wood and not withdrawn from timber utilization by statute or administrative regulation.
Page 3581 - ... ranching operations." The sacrifice in accounting accuracy under the cash method represents an historical concession by the Secretary and the Commissioner to provide a unitary and expedient bookkeeping system for farmers and ranchers in need of a simplified accounting procedure.
Page 3563 - The urban riots during 1967 had their roots, in considerable part, in rural poverty. A high proportion of the people crowded into city slums today came there from rural slums. This fact alone makes clear how large a stake the people of this nation have in an attack on rural poverty.
Page 3563 - Rural poverty is so widespread, and so acute, as to be a national disgrace, and its consequences have swept into our cities, violently. The urban riots during 1967 had their roots, in considerable part, in rural poverty.
Page 3589 - ... 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 3576 - In contrast to the urban poor, the rural poor, notably the white, are not well organized, and have few spokesmen for bringing the Nation's attention to their problems. The more vocal and better organized urban poor gain most of the benefits of current antipoverty programs. Until the past few years, the Nation's major social welfare and labor legislation largely bypassed rural Americans, especially farmers and farmworkers. Farm people were excluded from the Social Security...
Page 3564 - Commission questions the wisdom of massive public efforts to improve the lot of the poor in. our central cities without comparable efforts to meet the needs of the poor in rural America.
Page 3571 - We do not want to quibble over words, but "malnutrition" is not quite what we found ; the boys and girls we saw were hungry — weak, in pain, sick ; their lives are being shortened : they are, in fact, visibly and predictably losing their health, their energy, their spirits. They are suffering from hunger and disease and directly or indirectly they are dying from...