Revenue Revision of 1941: Hearings, 77th Congress, 1st Session, Apr. 24[-May 28], 1941, Volume 21951 |
From inside the book
Results 1-5 of 100
Page 569
... percent , of the families , and households in the middle and lower income groups received only 32 percent of the total personal income . Now I think the words " Federal groups , " " middle income , " have been thrown around in a very ...
... percent , of the families , and households in the middle and lower income groups received only 32 percent of the total personal income . Now I think the words " Federal groups , " " middle income , " have been thrown around in a very ...
Page 570
... percent alone accounted for 97 percent of net savings in 1948 , and 131 percent in 1949 . You may ask how you get 131 percent . You get it because of the dis - saving , the spending of more than they earn in the low - income brackets ...
... percent alone accounted for 97 percent of net savings in 1948 , and 131 percent in 1949 . You may ask how you get 131 percent . You get it because of the dis - saving , the spending of more than they earn in the low - income brackets ...
Page 583
... percent of all families and households - got about 25 percent of total personal income in 1948. If the definition of " middle " incomes is stretched up to $ 4.000 - which takes in 73 percent of all families and households in 1948- the ...
... percent of all families and households - got about 25 percent of total personal income in 1948. If the definition of " middle " incomes is stretched up to $ 4.000 - which takes in 73 percent of all families and households in 1948- the ...
Page 584
... percent had been cashed ( Treasury Department release , United States Savings Bonds Issued and Redeemed ) . Sixteen percent of E bonds bought in 1950 were cashed that same year . A letter in the Washington Post financial column ...
... percent had been cashed ( Treasury Department release , United States Savings Bonds Issued and Redeemed ) . Sixteen percent of E bonds bought in 1950 were cashed that same year . A letter in the Washington Post financial column ...
Page 585
... percent of total retail sales , but only 26 percent of sales of durable goods ( statement of R. A. Musgrave to Joint Committee , Jan. 31 , 1951 ) . As already indicated , low - income families had no " excess " purchasing power . They ...
... percent of total retail sales , but only 26 percent of sales of durable goods ( statement of R. A. Musgrave to Joint Committee , Jan. 31 , 1951 ) . As already indicated , low - income families had no " excess " purchasing power . They ...
Common terms and phrases
amount assets average basis billion BOGGS BOYLAN bracket budget building and loan burden capital gains capital-gains tax CHAIRMAN commercial banks Congress COOPER corporate tax corporation income cost CURTIS defense depositors dividends dollars DOUGHTON earnings EBERHARTER economic effect excess excess-profits tax excise taxes expenditures families February 20 Federal Government Federal income tax Federal tax financing FORAND gift taxes holding period INCOME-TAX RATES increase individual income tax inflation institutions investment JAVITS KEAN KREUTZ levied loan associations loopholes losses married couple MASON Means Committee ment MILLS municipal bonds mutual savings banks national income NIXON operation paid percentage present president production profits proposal question raise reduce REED reserves revenue RUTTENBERG sales tax savings and loan savings deposits SCHWULST Secretary securities sell SIMPSON Snyder statement stockholders surtax TARK tax rate taxpayers tion Treasury United World War II
Popular passages
Page 1090 - Except as otherwise provided by law, all stocks, bonds, Treasury notes, and other obligations of the United States, shall be exempt from taxation by or under State or municipal or local authority.
Page 914 - The right to tax the contract to any extent, when made, must operate upon the power to borrow before it is exercised, and have a sensible influence on the contract. The extent of this influence depends on the will of a distinct Government. To any extent, however inconsiderable, it is a burden on the operations of government. It may be carried to an extent which shall arrest them entirely.
Page 983 - As the States cannot tax the powers, the operations, or the property of the United States, nor the means which they employ to carry their powers into execution, so it has been held that the United States have no power under the Constitution to tax either the instrumentalities or the property of a State.
Page 1086 - ... (b) Exclusions from gross income. — The following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE.
Page 984 - The general government, and the States, although both exist within the same territorial limits, are separate and distinct sovereignties, acting separately and independently of each other, within their respective spheres. The former in its appropriate sphere is supreme; but the States within the limits of their powers not granted, or, in the language of the Tenth Amendment, "reserved," are as independent of the general government as that government within its sphere is independent of the States.
Page 572 - You did answer the question as to whether or not you are a member of the Communist Party.
Page 913 - Loan & Trust Company, supra. These obligations constitute the contract made by the State, or by its political agency pursuant to its authority, and a tax upon the amounts payable by the terms of the contract has therefore been regarded as bearing directly upon the exercise of the borrowing power of the government.
Page 735 - I would like to insert in the record at this point. The CHAIRMAN. Without objection, that will be the order, also as to this other material.
Page 1098 - Interior, who shall transmit and dispose of such power and energy in such manner as to encourage the most widespread use thereof at the lowest possible rates to consumers consistent with sound business principles, the rate schedules to become effective upon confirmation and approval by the Federal Power Commission.