Tax Revision Compendium: Compendium of Papers on Broadening the Tax Base, Volume 3 |
From inside the book
Results 1-5 of 99
Page 1543
... less efficient marginal firms to exist . Whether shifted or not , a corporation income tax discriminates against equity financing in the financial planning of individual com- panies . This result is wholly bad . And , less obviously ...
... less efficient marginal firms to exist . Whether shifted or not , a corporation income tax discriminates against equity financing in the financial planning of individual com- panies . This result is wholly bad . And , less obviously ...
Page 1547
... less than other income in the hands of individuals . This emphasizes the modest extent of the relief . The $ 50 exclusion serves to give full relief to those with small amounts of dividend income , who are presumably also people with ...
... less than other income in the hands of individuals . This emphasizes the modest extent of the relief . The $ 50 exclusion serves to give full relief to those with small amounts of dividend income , who are presumably also people with ...
Page 1549
... less in line with his proportionate share of retained earnings , taxable at capital - gains rates . But the annual sale of a little stock from a single holding is regarded as a depletion of capital , and it is complicated . An order to ...
... less in line with his proportionate share of retained earnings , taxable at capital - gains rates . But the annual sale of a little stock from a single holding is regarded as a depletion of capital , and it is complicated . An order to ...
Page 1557
... less focused on the problem . For , like any deduction , it is the more valuable the higher the applicable marginal rates of tax , while the differential declines in severity the higher the stockholder's marginal rate of tax . But ...
... less focused on the problem . For , like any deduction , it is the more valuable the higher the applicable marginal rates of tax , while the differential declines in severity the higher the stockholder's marginal rate of tax . But ...
Page 1559
... less than 5 percent of the " extra " burden at the lower income levels ( per mar- ginal dollar of earnings for distribution ) , but relieves those at the top of the income range of over 40 percent of their differentially heavier taxload ...
... less than 5 percent of the " extra " burden at the lower income levels ( per mar- ginal dollar of earnings for distribution ) , but relieves those at the top of the income range of over 40 percent of their differentially heavier taxload ...
Contents
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1994 | |
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Common terms and phrases
activities allocated amount applied assets average basis bracket built-in flexibility capital gains cash commercial banks Committee Congress cooperative corporate income tax corporate tax cost credit union debt deduction distribution dollar economic effect equity exempt farmers Federal income tax foreign tax funds Government gross income growth increase individual institutions insurance companies interest Internal Revenue Code investment income legislation limited loan associations loss margins ment million municipal bonds mutual companies mutual savings banks net margins operating ordinary income organizations paid partnership patronage dividends patronage refunds patrons payments percent period personal income policyholders premium present problem profits proposal provisions purchase purposes regulated investment companies reserves result retained earnings Revenue Act savings and loan share shareholders stockholders subchapter substantial surplus tax base tax law tax rates tax treatment tax-exempt taxable income taxpayer tion Treasury trust
Popular passages
Page 1927 - The farmers' cooperatives exempt from taxation to the extent provided in subsection (a) are farmers', fruit growers', or like associations organized and operated on a cooperative basis (A) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses...
Page 1928 - ... substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly or indirectly, in the profits of the association, upon dissolution or otherwise, beyond the fixed dividends) is owned by producers who market their products or purchase their supplies and equipment through the association...
Page 1949 - ... organized and operated on a cooperative basis, (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment for the use of members or other persons, and turning over such supplies and equipment to them at actual cost, plus necessary expenses.
Page 1767 - Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit...
Page 2091 - Income derived from any public utility or the exercise of any essential governmental function and accruing to a State or Territory, or any political subdivision thereof...
Page 1671 - ... with the Securities and Exchange Commission under the Investment Company Act of 1940, such reliance would constitute reasonable cause for purposes of this paragraph.
Page 1928 - Is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products of nonmembers In an amount the value of which does not exceed the value of the products marketed for members...
Page 1950 - In computing taxable income in the same manner as in the case of a cooperative organization not exempt under section 521. Such dividends, refunds, and rebates made after the close of the taxable year and on or before the 15th day of the 9th month following the close of such year...
Page 1712 - The taxable year of a partnership shall be determined as though the partnership were a taxpayer. A partnership may not change to, or adopt, a taxable year other than that of all its principal partners unless it establishes, to the satisfaction of the Secretary or his delegate, a business purpose therefor.
Page 1916 - manufacturer" includes a person who produces a taxable article from scrap, salvage, or junk material, as well as from new or raw material, (1) by processing, manipulating, or changing the form of an article, or (2) by combining or assembling two or more articles.