State Taxation of Personal IncomesExpands on the author's paper titled "Fiscal Aspects of State Income Taxes," which appeared in the American Economic Review for June, 1920, along with a description of the background of these taxes. |
From inside the book
Results 1-5 of 10
Page 48
... filed . The cost of administration of this division of the tax commission's work , reported as approximately $ 160,000 for the year , means a cost per return of about $ .75 . Throughout its operation the income tax in Wisconsin has been ...
... filed . The cost of administration of this division of the tax commission's work , reported as approximately $ 160,000 for the year , means a cost per return of about $ .75 . Throughout its operation the income tax in Wisconsin has been ...
Page 117
Alzada Comstock. amounted to $ 1,000 or more , unless the employee filed a certificate that he was a resident of the ... filing certificates of residence was continued . The usefulness of such a provision for collection at the source ...
Alzada Comstock. amounted to $ 1,000 or more , unless the employee filed a certificate that he was a resident of the ... filing certificates of residence was continued . The usefulness of such a provision for collection at the source ...
Page 151
... filed ( although the penalty for failure to file was fine and imprisonment ) and nothing was paid into the state treasury . The state treasurer did not at first issue the blanks for making returns on the ground that the funds to pay for ...
... filed ( although the penalty for failure to file was fine and imprisonment ) and nothing was paid into the state treasury . The state treasurer did not at first issue the blanks for making returns on the ground that the funds to pay for ...
Page 193
... income by the taxpayer , a process usuall termed " self assessment . " The New York law requires the filing of [ 194 returns similar to those made to the federal 193 ] 193 MODERN INCOME TAX METHODS Assessment, collection, and review.
... income by the taxpayer , a process usuall termed " self assessment . " The New York law requires the filing of [ 194 returns similar to those made to the federal 193 ] 193 MODERN INCOME TAX METHODS Assessment, collection, and review.
Page 228
... filing returns . Returns shall be in such form as the tax commission may from time to time prescribe and shall be filed with the tax commission , at its main office or at any branch office which it may establish , on or be- fore the ...
... filing returns . Returns shall be in such form as the tax commission may from time to time prescribe and shall be filed with the tax commission , at its main office or at any branch office which it may establish , on or be- fore the ...
Other editions - View all
Common terms and phrases
administration adopted allowed amendment assessment bill Carolina Committee on Model comptroller deductions distribution dividends double taxation earned excess exemptions federal income tax federal law federal tax fiduciary fiscal funds gross income imposed income derived income tax law income taxation incomes of non-residents increase individual incomes intangible Laws of Massachusetts legislation levied ment method Mexico Mississippi model personal Model Taxation National Tax Association net income North Carolina North Dakota offset Oklahoma one-half operation payment personal income tax personal property tax present proceeds progressive tax provision question rates of taxation real estate recommendations repeal Report result salaries Seligman sonal Statistics of Income tax commissioner tax receipts tax system taxable income taxation of incomes taxation of non-residents taxation of personal taxes paid taxpayer three per cent tion unearned income Virginia Wisconsin income tax yield York income tax
Popular passages
Page 221 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property...
Page 240 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 225 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Page 224 - Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the Income.
Page 224 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 223 - When property is exchanged for other property, the property received in exchange shall for the purpose of determining gain or loss be treated as the equivalent of cash to the amount of its fair market value, if any...
Page 225 - ... based upon cost including cost of development not otherwise deducted: Provided, That in the case of such properties acquired prior to March 1, 1913, the fair market value of the property (or the taxpayer's interest therein) on that date shall be taken in lieu of cost up to that date...
Page 219 - ... shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued
Page 224 - ... (e) LOSSES BY INDIVIDUALS. — In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise — if incurred in trade or business ; or if incurred in any transaction entered into for profit, though not connected with the trade or business...
Page 224 - Losses sustained during the taxable year of property not connected with the trade or business (but in the case of a nonresident alien individual only property within the United States) if arising from fires, storms, shipwreck, or other casualty, or from theft, and if not compensated for by insurance or otherwise...