| United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...the earned income of the taxpayer from such a trade or business shall, in no case, exceed 20 per cent of his share of the net profits of such trade or business. See article 106, as to what constitutes compensation for personal services. The term does not include... | |
| Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum, of his share of the net profits of such trade or business, shall be considered as earned income. (2) The term "earned income deductions" means such deductions as are allowed by section 21433 for the... | |
| United States. Congress. House. Committee on Ways and Means - Taxation - 1925 - 1154 pages
...compensation for the personal services actually rendered by the taxpayer not in excess of 50 per cent { 52;h! 8eignen. So wurd er ^ derholt%j = [Insert here additional provision discussed in the text above, if deemed expedient.] (3) If the taxpayer's... | |
| John F. Sherwood - Income tax - 1925 - 206 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum of his share of the net profits of such trade or business, shall be considered as earned income. (2) The term "earned income deductions" means such deductions as are allowed by section 214 for the... | |
| Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum of his share of the net profits of such trade or business, shall be considered as earned income. (2) The term " earned income deductions " means such deductions as are allowed by section 214 for the... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...allowance for the personal services actually rendered by the taxpayer, not in excess of 20 per cent of his share of the net profits of such trade or business, shall be considered as earned income. Suppose an individual taxpayer has a grocery store in which his average capital employed is $30,000.... | |
| Eric Louis Kohler - Income tax - 1927 - 618 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum of his share of the net profits of such trade or business, shall be considered as earned income. (2) The term "earned income deductions" means such deductions as are allowed by section 214 for the... | |
| United States - Law - 1928 - 1164 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum of his share of the net profits of such trade or business, shall be considered as earned income. (2) The term "earned income deductions" means such deductions as are allowed by section 955 of this... | |
| United States - Finance - 1928 - 268 pages
...compensation for the personal services actually rendered by the taxpayer, not in excess of 20 per centum of his share of the net profits of such trade or business, shall be considered as earned income. (2) "Earned income deductions" means such deductions as are allowed by section 23 for the purpose of... | |
| |