Committee PrintsU.S. Government Printing Office, 1969 |
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Page 7
... capital asset and to pay taxes under the terms of our capital gains law . On the other hand , if the owner of an ore body sells a quantity of the ore , he must show the income from this source as current income and pay tax after ...
... capital asset and to pay taxes under the terms of our capital gains law . On the other hand , if the owner of an ore body sells a quantity of the ore , he must show the income from this source as current income and pay tax after ...
Page 2
... LIVESTOCK : Proposed changes in capital gains treatment of income from sales of livestock would create havoc in an industry already beleaguered with economic problems . STATEMENT OF SENATOR CHARLES MCC . MATHIAS , JR . 8b Summary -2-
... LIVESTOCK : Proposed changes in capital gains treatment of income from sales of livestock would create havoc in an industry already beleaguered with economic problems . STATEMENT OF SENATOR CHARLES MCC . MATHIAS , JR . 8b Summary -2-
Page 7
... capital gains treat- ment . The House bill would prospectively limit such treatment to the amount in excess of employer contributions . The fact that these distributions involve receipt in one year of funds accrued over a number of ...
... capital gains treat- ment . The House bill would prospectively limit such treatment to the amount in excess of employer contributions . The fact that these distributions involve receipt in one year of funds accrued over a number of ...
Page 8
... capital gains treatment of income from the sale of livestock . Lengthening the required holding period and including livestock in the depreciation recapture rule could create considerable havoc in an industry already beleaguered with ...
... capital gains treatment of income from the sale of livestock . Lengthening the required holding period and including livestock in the depreciation recapture rule could create considerable havoc in an industry already beleaguered with ...
Page 12
... capital gains treatment . The present law on qualified stock options might well require a longer holding period and permit a longer period for options to run before exercise . But the maximum marginal tax rate of 50 percent on earned ...
... capital gains treatment . The present law on qualified stock options might well require a longer holding period and permit a longer period for options to run before exercise . But the maximum marginal tax rate of 50 percent on earned ...
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Common terms and phrases
accelerated depreciation accumulated activities allowed amendment amount annuity apply assets benefit capital gains Chairman charitable contributions Code section computation Congress cost deduction deferred compensation depletion distribution dividends earnings and profits economic eliminate employee enacted excess exempt organizations expenses Federal foreign tax credit funds gift handicapped House bill income tax increase individual institutions interest Internal Revenue Code Internal Revenue Service investment income Irvine Company James Irvine James Irvine Foundation legislation limitation loss MARIO MEROLA MILLARD TAWES operations ordinary income payments penalty percent percentage period permit plans present law private foundations problems programs Proposed Change proposed section provisions purposes received recommend respect result retirement rules Senate standard deduction substantial tax law tax preferences tax rate tax reform tax treatment tax-exempt taxable income taxation taxpayer tion Treasury trust U.S. tax United UNITED STATES SENATE unrelated business income
Popular passages
Page 299 - Amendment; it presupposes that right conclusions are more likely to be gathered out of a multitude of tongues, than through any kind of authoritative selection. To many, this is, and always will be folly: but we have staked upon it our all.
Page 88 - An educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 93 - If as of the date of a gift a transfer for charitable purposes is dependent upon the performance of some act or the happening of a precedent event in order that it might become effective, no deduction is allowable unless the possibility that the charitable transfer will not become effective is so remote as to be negligible.
Page 63 - An Act to establish a Code of Law for the District of Columbia...
Page 135 - (a) TREATMENT OF TAXES PAID BY FOREIGN CORPORATION. — For purposes of this subpart, a domestic corporation which owns at least 10 percent of the voting stock of a foreign corporation...
Page 485 - I am here today speaking on behalf of the National League of Cities and the United States Conference of Mayors.
Page 63 - That the said corporation may take and hold any additional donations, grants, devises, or bequests which may be made in further support of the purposes of the said corporation...
Page 88 - An organization, such as a primary or secondary school, a college, or a professional or trade school, which has a regularly scheduled curriculum, a regular faculty, and a regularly enrolled body of students in attendance at a place where the educational activities are regularly carried on.
Page 53 - That the objects of the corporation shall be to encourage, in the broadest and most liberal manner, investigation, research, and discovery, and the application of knowledge to the improvement of mankind...
Page 216 - This report responds to requests by the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives...