Income Tax Exemption for Employees' Contributions to Railroad Retirement Fund: Hearing Before the Committee on Ways and Means, House of Representatives, Eighty-fourth Congress, Second Session, on H.R. 10578 and H.R. 11764, Bills to Amend the Railroad Retirement Tax Act. July 3, 1956 |
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Page 1
... exclude from gross income , for Federal income tax purposes , employees ' contributions to the railroad retirement fund . H. R. 10578 introduced by Hon . Noble J. Gregory ( Kentucky ) 1 would provide such exclusion , among other things ...
... exclude from gross income , for Federal income tax purposes , employees ' contributions to the railroad retirement fund . H. R. 10578 introduced by Hon . Noble J. Gregory ( Kentucky ) 1 would provide such exclusion , among other things ...
Page 2
... exclusion , among other things . H. R. 11764 introduced by Hon . Eugene J. McCarthy ( Minnesota ) also provides such an exclusion . The pur- pose of this legislation is to exempt contributions to the railroad retirement fund by ...
... exclusion , among other things . H. R. 11764 introduced by Hon . Eugene J. McCarthy ( Minnesota ) also provides such an exclusion . The pur- pose of this legislation is to exempt contributions to the railroad retirement fund by ...
Page 4
... exclude from the gross income of employees and employee representatives 4 EXEMPT CONTRIBUTIONS TO RAILROAD RETIREMENT FUND Resolution adopted by House Committee on Interstate and Foreign Com- merce Report Railroad Retirement Board H R ...
... exclude from the gross income of employees and employee representatives 4 EXEMPT CONTRIBUTIONS TO RAILROAD RETIREMENT FUND Resolution adopted by House Committee on Interstate and Foreign Com- merce Report Railroad Retirement Board H R ...
Page 5
... exclusion from the gross income , and from wages , for income - tax purposes , the employee's retirement taxes , I favor this provision because the principle of taxing a taxpayment , that is , a tax upon tax , is highly objectionable ...
... exclusion from the gross income , and from wages , for income - tax purposes , the employee's retirement taxes , I favor this provision because the principle of taxing a taxpayment , that is , a tax upon tax , is highly objectionable ...
Page 7
... exclusion of a part of an individual's income , which is used by him to finance part of his own retirement benefit . As a result of the proposed exclusion the net cost to employees of the proposed increased contributions into the ...
... exclusion of a part of an individual's income , which is used by him to finance part of his own retirement benefit . As a result of the proposed exclusion the net cost to employees of the proposed increased contributions into the ...
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Common terms and phrases
actuarial valuation additional amend the Railroad amount annuities assumptions average bill H. R. Chairman Committee on Interstate Congress deduction earnings employee contributions employee's employment estimated exclusion exemption favorable financed formula gross income House of Representatives income tax income-tax purposes increase in benefits individual interest Interstate and Foreign JERE COOPER KARSTEN Keith Thomson KEOGH labor legislation level cost MACHROWICZ March 13 MCCARTHY ment month Monthly benefit payable noncontributory OASI benefit old-age and survivors paid by employee payable to worker payments present private pension plans railroad employees railroad industry Railroad Pension Conference Railroad Retirement Act railroad retirement benefits Railroad Retirement Board railroad retirement contributions railroad retirement fund railroad retirement program railroad retirement system Railroad Retirement Tax Railway Labor Executives ranking minority member receive retired worker Retirement Tax Act revenue self-employed SMITH social security Social Security Act STACK statement supplemental pension survivor benefits tax rate taxable income treatment wages
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