Taxation of Interstate Carriers and Employees: Hearings...on H.R. 6448. April 21, 22, 23, and 26, 19371937 - 43 pages |
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Page 2
... period for which the Commissioner of Internal Revenue shall require a return of taxes hereunder to be made and which is payable during the calendar month following such period shall be deemed to have been paid during such period only ...
... period for which the Commissioner of Internal Revenue shall require a return of taxes hereunder to be made and which is payable during the calendar month following such period shall be deemed to have been paid during such period only ...
Page 6
... period of time , it yields a flat tax rate of 7 percent of the total pay roll . Mr. LEWIS . During those 12 years ? Mr. HARRISON . No ; over the flat period ; in what they call per- petuity , it yields 7 percent , and perpetuity is some ...
... period of time , it yields a flat tax rate of 7 percent of the total pay roll . Mr. LEWIS . During those 12 years ? Mr. HARRISON . No ; over the flat period ; in what they call per- petuity , it yields 7 percent , and perpetuity is some ...
Page 13
... but in view of the fact that it appears that the revenue yield over 13 141567-37-3 a long - time period under that schedule of rates Arthur H Kent, Assistant General Counsel, Office of the General Counsel, Department of the Treasury.
... but in view of the fact that it appears that the revenue yield over 13 141567-37-3 a long - time period under that schedule of rates Arthur H Kent, Assistant General Counsel, Office of the General Counsel, Department of the Treasury.
Page 14
... period under that schedule of rates would be substan- tially equivalent to that which the flat rate of 7 percent would yield , the Department has not seen fit to interpose any objection to the adoption of that schedule if , in the ...
... period under that schedule of rates would be substan- tially equivalent to that which the flat rate of 7 percent would yield , the Department has not seen fit to interpose any objection to the adoption of that schedule if , in the ...
Page 18
... period would not be rendering any such service and therefore would come under the Social Security Act . I think there that the interest of orderly administration would be served if that were limited to in- clude the regular rendition of ...
... period would not be rendering any such service and therefore would come under the Social Security Act . I think there that the interest of orderly administration would be served if that were limited to in- clude the regular rendition of ...
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Common terms and phrases
$300 per month 234 percent 72 percent amendment American Railroads amount Association of American August 29 basis bill billion 200 million bus line calendar years 1940 Carriers Tax Act CHAIRMAN collected Commissioner of Internal compensation earned compensation of employees COOPER corporation courts December 31 directly or indirectly Doughton employee representative employees for services estimate excess of $300 excise tax facto control fiscal HARRISON included income tax increase Internal Revenue Interstate Commerce Act January JENKINS KENT LAMNECK LATIMER legislation LEWIS McCORMACK mean number of employees ownership ployees provisions question rail railroad company railroad labor organizations Railroad Retirement Act Railroad Retirement Board railway companies Railway Express Agency Railway Labor Act refunded repealed respect to compensation retroactive schedule of rates section 11 Social Security Act statement statute substitution suggestion tax imposed tax rate tax yield taxpayer term employer THURSTON tion transportation of passengers TREADWAY Treasury union VINSON
Popular passages
Page 4 - ... the amount of the underpayment shall be collected, in such manner and at such times (subject to the statute of limitations properly applicable thereto) as may be prescribed by regulations of the Board.
Page 2 - employer" shall not include any street, interurban, or suburban electric railway, unless such railway is operating as a part of a general steam-railroad system of transportation, but shall not exclude any part of the general steam-railroad system of transportation now or hereafter operated by any other motive power. The Interstate Commerce Commission is hereby authorized and directed upon request of the Commissioner of Internal Revenue, or upon complaint of any party interested, to determine after...
Page 4 - ... (2) In the payment of any contributions, a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to 1 cent.
Page 2 - ... handling of property transported by railroad, and any receiver, trustee, or other individual or body, judicial or otherwise, when in the possession of the business of any such " carrier " : Provided, however, That the term
Page 3 - ... the tax and the amount to be deducted, shall be made, without interest, in such manner and at such times as the Secretary or his delegate may by regulations prescribe.
Page 3 - The tax imposed by section 801 shall be collected by the employer of the taxpayer, by deducting the amount of the tax from the wages as and when paid.
Page 3 - An individual is in the service of an employer whether his service is rendered within or without the United States if (i) he is subject to the continuing authority of the employer to supervise and direct the manner of rendition of his service...
Page 4 - The contributions required by this Act shall be collected and paid quarterly or at such other times and in such manner and under such conditions not inconsistent with this Act as may be prescribed by Regulations of the Board, and shall not be deducted, in whole or in part, from the compensation of employees in the employer's employ. If a contribution required by this Act is not paid when due, there shall be added to the amount payable (except in the case of adjustments made in accordance with the...
Page 4 - Congress in substitution therefor, the tax imposed by section 801 shall not be allowed as a deduction to the taxpayer in computing his net income for the year in which such tax is deducted from his wages.
Page 2 - carrier" means an express company, sleeping-car company, or carrier by railroad, subject to part I of the interstate Commerce Act. (c) The term "company" includes corporations, associations, and joint-stock companies.