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 5
... understand it , in the year of 1936 there was $ 229,000 paid into the Federal Government under the law . Some few ... understanding on railroad retirement legislation . Responsive to the request of the President of the United States ...
... understand it , in the year of 1936 there was $ 229,000 paid into the Federal Government under the law . Some few ... understanding on railroad retirement legislation . Responsive to the request of the President of the United States ...
Page 7
... understand you . All employees of the railroad , whether they belong to a union or not , come under the terms of this bill ? Mr. HARRISON . That is true . Mr. FULLER . And as I understand it , most of them are union men ? Mr. HARRISON ...
... understand you . All employees of the railroad , whether they belong to a union or not , come under the terms of this bill ? Mr. HARRISON . That is true . Mr. FULLER . And as I understand it , most of them are union men ? Mr. HARRISON ...
Page 8
... understand , a certain block of stock less than a majority does give control . Mr. McCORMACK . I understand . Now , it is contemplated by this bill that if the facts disclose control , even where there is a minority ownership of stock ...
... understand , a certain block of stock less than a majority does give control . Mr. McCORMACK . I understand . Now , it is contemplated by this bill that if the facts disclose control , even where there is a minority ownership of stock ...
Page 10
... understand that the Association of American Railroads is a voluntary association , having no power to bind any of its members in a matter of this sort unless the specific measure , such as this , is submitted to the rail- roads and ...
... understand that the Association of American Railroads is a voluntary association , having no power to bind any of its members in a matter of this sort unless the specific measure , such as this , is submitted to the rail- roads and ...
Page 14
... understanding that the 52- to 72 - percent rate , in its long - time yield , brings in a sub- stantial equivalent . Mr. REED . Will the gentleman permit an interruption there ? Mr. KENT . Yes . Mr. REED . You in the Treasury have no ...
... understanding that the 52- to 72 - percent rate , in its long - time yield , brings in a sub- stantial equivalent . Mr. REED . Will the gentleman permit an interruption there ? Mr. KENT . Yes . Mr. REED . You in the Treasury have no ...
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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.