Individual Income Tax: Hearings Before the Committee on Ways and Means, House of Representatives, Seventy-eighth Congress, First Session, on a Proposal to Place Income Tax of Individuals on a Pay-as-you-go Basis. February 2,3,4,5,8,9,10,11,12, and 15, 1943 |
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Page 10
... saving and budgeting for various obligations , including taxes . But with the expansion of the income tax the payment lag has become a vital problem . To be sure , the lag does not cause the taxpayer difficulty as long as his income ...
... saving and budgeting for various obligations , including taxes . But with the expansion of the income tax the payment lag has become a vital problem . To be sure , the lag does not cause the taxpayer difficulty as long as his income ...
Page 19
... of a year's taxes enables him to add to his wealth at one stroke as much as he could add in nearly 6 years by saving every dollar he had left after paying taxes and spending nothing , and as much as he could add INDIVIDUAL INCOME TAX 19.
... of a year's taxes enables him to add to his wealth at one stroke as much as he could add in nearly 6 years by saving every dollar he had left after paying taxes and spending nothing , and as much as he could add INDIVIDUAL INCOME TAX 19.
Page 20
... saving half of what he had left after paying taxes . It has been urged that the gain from forgiveness is offset by ... savings could also meet the 2 years ' liability in 1943 without undue hardship . Still other taxpayers , the amounts ...
... saving half of what he had left after paying taxes . It has been urged that the gain from forgiveness is offset by ... savings could also meet the 2 years ' liability in 1943 without undue hardship . Still other taxpayers , the amounts ...
Page 26
... saving at the rate of anywhere from 25 to 30 billion dollars a year - a completely unprecedented rate of saving . Those are items , on the one hand , in favor of better collectibility to be weighed against the other factors I have ...
... saving at the rate of anywhere from 25 to 30 billion dollars a year - a completely unprecedented rate of saving . Those are items , on the one hand , in favor of better collectibility to be weighed against the other factors I have ...
Page 29
... savings portion . " 5. Yes . Wage and salary earners file after end of withholding period ( by Sept. 30 of year after close of income year ( Dec. 31 ) . Other income recipients by Apr. 30 following close of income year ( Dec. 31 ) . 6 ...
... savings portion . " 5. Yes . Wage and salary earners file after end of withholding period ( by Sept. 30 of year after close of income year ( Dec. 31 ) . Other income recipients by Apr. 30 following close of income year ( Dec. 31 ) . 6 ...
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Common terms and phrases
1942 liability 1942 tax liability 20 percent ability to pay additional assessment asset Beardsley Ruml brackets BRAVMAN BRENCKMAN burden cancelation CARLSON CHAIRMAN collection at source committee Congress COOPER CRAWFORD current basis current income death tax deductions DEWEY DINGELL DISNEY dollars Doughton earned employers estate tax estimated farmer Federal FORAND forgiven forgiveness going Government income-tax debt income-tax return increase individual JENKINS KNUTSON last year's income loss March 15 MCGRANERY McLEAN ment method millions net income normal tax PAUL pay taxes pay their taxes pay-as-you-earn pay-as-you-go basis pay-as-you-go plan pay-as-you-go tax payable payers period PICCHIONE present system problem proposal question receipts received refund Revenue Act RICHMOND ROBERTSON Ruml plan savings statement suggested surtax tax debt tax due tax payments tax rates taxable income taxation tentative tax tion Treasury Victory tax wages and salaries windfall withholding tax year's taxes
Popular passages
Page 408 - If there is no objection on the part of the committee, I would like to ask that they be made part of the record. Mr. JARMAN. The committee would be glad to receive them. (See "Compulsory Commitment Law for Alcoholics,
Page 508 - All persons undertaking as a matter of business or for profit the collection of foreign payments of interest or dividends by means of coupons, checks, or bills of exchange...
Page 507 - ... payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Commissioner...
Page 507 - ... interest, rent, salaries, wages, premiums, annuities, compensation, remuneration, emoluments, or other fixed or determinable gains, profits, and income...
Page 507 - That all individuals, corporations and partnerships, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt, custody, disposal, or payment, of interest, rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or...
Page 523 - ... or in the case of the head of a family or a married person living with husband or wife, a personal exemption of $2,500.
Page 188 - I do not think it is fair and I do not think it is in keeping with the spirit of democracy.
Page 519 - In their enlightened belief, nothing stamped with the Divine image and likeness was sent into the world to be trodden on and degraded, and imbruted by its fellows.
Page 519 - Wise statesmen as they were, they knew the tendency of prosperity to breed tyrants, and so they established these great self-evident truths, that when in the distant future some man, some faction, some interest, should set up the doctrine that none but rich men, or none but white men, or none but AngloSaxon white men, were entitled to life, liberty, and the pursuit of happiness...
Page 507 - ... or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for...