Tax Proposals Affecting Private Pension Plans: Hearings Before..., 92-2.... |
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Page 7
... taxable . But when an employee saves independently for his own retirement , both his contribution and the investment earn- ings on such savings are currently subject to taxes . This inequity discourages individual self - reliance and ...
... taxable . But when an employee saves independently for his own retirement , both his contribution and the investment earn- ings on such savings are currently subject to taxes . This inequity discourages individual self - reliance and ...
Page 19
... taxable year shall not exceed 20 percent of so much of his earned income for such taxable year as does not exceed $ 7,500 . " ( 2 ) REDUCTION ON ACCOUNT OF EMPLOYER CONTRIBUTIONS TO QUALIFIED PENSION , ETC. , PLANS . - The limitation ...
... taxable year shall not exceed 20 percent of so much of his earned income for such taxable year as does not exceed $ 7,500 . " ( 2 ) REDUCTION ON ACCOUNT OF EMPLOYER CONTRIBUTIONS TO QUALIFIED PENSION , ETC. , PLANS . - The limitation ...
Page 20
... taxable year may not exceed the limitation provided by section 218 ( b ) for such taxable year and may be made only by the individual who established it or his spouse ; " ( 3 ) except as otherwise provided in subsection ( b ) ( 3 ) ...
... taxable year may not exceed the limitation provided by section 218 ( b ) for such taxable year and may be made only by the individual who established it or his spouse ; " ( 3 ) except as otherwise provided in subsection ( b ) ( 3 ) ...
Page 21
... taxable year , in accordance with regulations prescribed by the Secretary or his delegate , over- " ( A ) the life of such individual or the lives of such in- dividual and his spouse , " ( B ) a period not extending beyond the life ...
... taxable year , in accordance with regulations prescribed by the Secretary or his delegate , over- " ( A ) the life of such individual or the lives of such in- dividual and his spouse , " ( B ) a period not extending beyond the life ...
Page 22
... taxable year an amount to which this subsection applies , there shall be imposed an additional tax for such taxable year equal to 30 percent of such amount . Any tax imposed under this paragraph shall not be reduced by any credit under ...
... taxable year an amount to which this subsection applies , there shall be imposed an additional tax for such taxable year equal to 30 percent of such amount . Any tax imposed under this paragraph shall not be reduced by any credit under ...
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Common terms and phrases
accrued benefit actuarial administration amended American American Bar Association amount annuity assets bank Bar Association behalf bill capital Chairman Mills Cohen Committee Congress CORMAN corporate cost covered earned income economic eligible employee benefit employee's employer contributions employment established factor of production Federal fiduciary financing forwarded by Sheldon increase individual retirement account industry Internal Revenue Code Internal Revenue Service investment Keogh labor letter dated liabilities limitation Means ment million owner-employee ownership participation payment Penn Center pension benefits pension funds percent present private pension plans private pension system private retirement problem profit sharing proposed section qualified individual retirement qualified plan recommend regulations reinsurance requirements retirement benefits retirement income retirement plans retirement savings retirement system rule of 50 savings plan SCHNEEBELI section 401 self-employed individuals self-employed persons social security statement subsection tax deduction taxable Thank tion trust vested benefits vice president workers
Popular passages
Page 721 - Vacancies in the membership of the joint committee shall not affect the power of the remaining members to execute the functions of the joint committee, and shall be filled in the same manner as in the case of the original selection. The joint committee shall select a chairman and a vice chairman from among Its members.
Page 721 - ... to require, by subpena or otherwise, the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, to procure such printing and binding, and to make such expenditures as it deems advisable.
Page 276 - A trust forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries...
Page 239 - The amount actually distributed or made available to any distributee by any such trust shall be taxable to him, In the year In which so distributed or made available, under section...
Page 236 - In each case employees who have been employed not more than a minimum period prescribed by the plan, not exceeding 5 years, employees whose customary employment Is for not more than 20 hours In any one week, and employees whose customary employment Is for not more than 5 months In any calendar year...
Page 310 - Secretary or his delegate not to be discriminatory in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees; and (4) If the contributions or benefits provided under the plan do not discriminate in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 714 - Report required by section 201; (2) to gather timely and authoritative information concerning the conditions and trends in the quality of the environment both current and prospective, to analyze and interpret such information for the purpose of determining whether such conditions and trends...
Page 705 - EMPLOYMENT ACT OF 1946, AS AMENDED, WITH RELATED LAWS (60 Stat. 23) [PUBLIC LAW 304— 79TH CONGRESS] AN ACT To declare a national policy on employment, production, and purchasing power, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE SECTION 1 . This Act may be cited as the "Employment Act of 1946".
Page 842 - Council of the Wharton School of Finance and Commerce of the University of Pennsylvania which is a definitive study of the matter.
Page 713 - Senate, and each of whom shall be a person who, as a result of his training, experience, and attainments, is exceptionally qualified to analyze and interpret economic developments, to appraise programs and activities of the Government in the light of the policy declared in Section 2, and to formulate and recommend national economic policy to promote employment, production, and purchasing power under free competitive enterprise.