Internal Revenue. Hearing ... May 9-27, 19211921 - 789 pages |
From inside the book
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Page 41
... industry and every person in the United States is treated in the same way , no matter whether it is on a falling market or not , they have all got to take that into consideration , just exactly the same as with the cost of their goods ...
... industry and every person in the United States is treated in the same way , no matter whether it is on a falling market or not , they have all got to take that into consideration , just exactly the same as with the cost of their goods ...
Page 75
... industry , has collapsed . Our national budget for years to come will be large beyond all past experience in peace times . We are in the midst of hard times , brought about in a large measure by our present destructive system of ...
... industry , has collapsed . Our national budget for years to come will be large beyond all past experience in peace times . We are in the midst of hard times , brought about in a large measure by our present destructive system of ...
Page 81
... industry with which the larger corporation deals . These intercompanies naturally keep their own books and could , without any extra provision of law , be compelled to pay the turnover tax as the merchandise passes from one to the other ...
... industry with which the larger corporation deals . These intercompanies naturally keep their own books and could , without any extra provision of law , be compelled to pay the turnover tax as the merchandise passes from one to the other ...
Page 93
... industry and economy a bad calculation . " On page 419 Mill states : " A peculiar taxation on the income of any class not bal- anced by taxes on other classes is a violation of justice and amounts to a partial con- fiscation . " On page ...
... industry and economy a bad calculation . " On page 419 Mill states : " A peculiar taxation on the income of any class not bal- anced by taxes on other classes is a violation of justice and amounts to a partial con- fiscation . " On page ...
Page 94
... industry , thus equipping each worker better and making him more effective . As a result , the products of industry grow more abundant and cheaper and the purchasing power of the laborer's wage is thereby increased . Thus , the income ...
... industry , thus equipping each worker better and making him more effective . As a result , the products of industry grow more abundant and cheaper and the purchasing power of the laborer's wage is thereby increased . Thus , the income ...
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Common terms and phrases
amount Association automobile believe billion burden cent tax CHAIRMAN CLARK collected committee commodities Congress consumer consumption consumption tax corporation cost cough drops dealer distributed dividends dollars earnings estimate excess excess-profits tax excise taxes exemption fact farmers favor Federal flat tax going Government grape juice HANCH imposed income tax increase individual industry Internal Revenue invested capital jobber levied Luden's manufacturer MCKENZIE merchant National paid passed Philippines present tax production Prof profits tax proposed question raise repeal represent retail revenue stamp sales or turnover securities sell Senator CALDER Senator DILLINGHAM Senator JONES Senator LA FOLLETTE Senator MCCUMBER Senator MCLEAN Senator SIMMONS Senator SMOOT Senator WALSH Senator WATSON shifted SMITH SMITH BROS sold stamp statement stockholders sumer surtaxes tax law tax-exempt taxable taxation taxpayer tion to-day transactions Treasury turnover tax undistributed United WILFLEY
Popular passages
Page 403 - All of the expenses of the commission, including all necessary expenses for transportation incurred by the commissioners or by their employees under their orders, in making any investigation, or upon official business in any other places than in the city of Washington, shall be allowed and paid on the presentation of itemized vouchers therefor approved by the commission.
Page 536 - In the case of a resident, by deducting from the value of the gross estate — ******* (3) The amount of all bequests, legacies, devises, or transfers, to or for the use of the United States, any State, Territory, any political subdivision thereof, or the District of Columbia, for exclusively public purposes, or to or for the use of any corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 403 - A vacancy in the Board shall not impair the right of the remaining members to exercise all the powers of the Board, and three members of the Board shall, at all times, constitute a quorum. The Board shall have an official seal which shall be judicially noticed.
Page 92 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 403 - ... to employ and fix the compensation of such attorneys, special experts, examiners, clerks, and other employees as it may from time to time find necessary for the proper performance of its duties and as may be from time to time appropriated for by Congress.
Page 653 - I do not want art for a few, any more than education for a few, or freedom for a few.
Page 532 - ... any part of the gross income which, pursuant to the terms of the will or deed creating the trust...
Page 532 - The net income of the estate or trust shall be computed in the same manner and on the same basis as provided In section 212...
Page 92 - Every tax ought to be levied at the time, or in the manner in which it is most likely to be convenient for the contributor to pay it.
Page 213 - Act of 1918) upon all articles commonly or commercially known as jewelry, whether real or imitation; pearls, precious and semiprecious stones, and imitations thereof; articles made of, or ornamented, mounted or fitted with, precious metals or imitations thereof...