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 |
From inside the book
Results 1-5 of 54
Page 13
... tentative current payments on prior - year income . The other method would base tentative current payments on simple quarterly statements of income received in the current year . A further discussion of these two methods may be helpful ...
... tentative current payments on prior - year income . The other method would base tentative current payments on simple quarterly statements of income received in the current year . A further discussion of these two methods may be helpful ...
Page 14
... Tentative tax 3 Deficiency due to under- payment in prior year Total pay- ments during year $ 2,000 ( 4 ) 4,000 8,000 $ 140 538 83 ( 4 ) $ 140 $ 398 936 2,000 1 , 562 1,024 2,586 1 Under rates and exemptions of the Revenue Act of 1942 ...
... Tentative tax 3 Deficiency due to under- payment in prior year Total pay- ments during year $ 2,000 ( 4 ) 4,000 8,000 $ 140 538 83 ( 4 ) $ 140 $ 398 936 2,000 1 , 562 1,024 2,586 1 Under rates and exemptions of the Revenue Act of 1942 ...
Page 15
... tentative payments on last year's income when that income will nerally be something higher or lower than this year's income , is pay - as - you - go but pay - as - you - went . It is just this pay - as - you - went aspect of our present ...
... tentative payments on last year's income when that income will nerally be something higher or lower than this year's income , is pay - as - you - go but pay - as - you - went . It is just this pay - as - you - went aspect of our present ...
Page 22
... tentatively based on the previous year's income or on the current year's income . It seems very desirable that the tax be based on the current year's income . Further exploration may be needed to determine whether this could be done ...
... tentatively based on the previous year's income or on the current year's income . It seems very desirable that the tax be based on the current year's income . Further exploration may be needed to determine whether this could be done ...
Page 55
... tentative tax return . Mr. PAUL . Yes . Mr. CARLSON . And that is true of any pay - as - you - go tax plan , whether you forgive a year , or whether you forgive 13 percentage points , or any other plan ; is that right ? Mr. PAUL . I do ...
... tentative tax return . Mr. PAUL . Yes . Mr. CARLSON . And that is true of any pay - as - you - go tax plan , whether you forgive a year , or whether you forgive 13 percentage points , or any other plan ; is that right ? Mr. PAUL . I do ...
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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...