Hearings, Reports and Prints of the Joint Committee on TaxationU.S. Government Printing Office, 1979 - Income tax |
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Page 5
... gain . The nature of any alternative program is not anticipated : whether it would involve direct expenditures , direct loans , or loan uarantees , or whether it would involve a different form of tax ex- penditure . Nor was it assumed ...
... gain . The nature of any alternative program is not anticipated : whether it would involve direct expenditures , direct loans , or loan uarantees , or whether it would involve a different form of tax ex- penditure . Nor was it assumed ...
Page 8
... gains treatment of certain E timber income .. 315 355 400 440 485 530 90 Capital gains treatment of iron ore ----- Agriculture : 10 10 100 115 125 140 150 Expensing of certain capital outlays____ 75 75 80 85 85 Capital gains treatment ...
... gains treatment of certain E timber income .. 315 355 400 440 485 530 90 Capital gains treatment of iron ore ----- Agriculture : 10 10 100 115 125 140 150 Expensing of certain capital outlays____ 75 75 80 85 85 Capital gains treatment ...
Page 9
... gains ( other than farming , timber , iron ore , and coal ) . 555 625 725 785 870 965 7 , 520 10 , 150 10 , 905 11 , 730 12 , 615 13 , 580 3 , 070 135 corporate income . Deferral of capital gains on home sales- Capital gains at death ...
... gains ( other than farming , timber , iron ore , and coal ) . 555 625 725 785 870 965 7 , 520 10 , 150 10 , 905 11 , 730 12 , 615 13 , 580 3 , 070 135 corporate income . Deferral of capital gains on home sales- Capital gains at death ...
Page 8
... gains treatment of iron ore . Function Natural resources and environment : Exclusion of interest on State and local government pollution control bonds___ Exclusion of payments in aid of construc- tion of water and sewage facilities ...
... gains treatment of iron ore . Function Natural resources and environment : Exclusion of interest on State and local government pollution control bonds___ Exclusion of payments in aid of construc- tion of water and sewage facilities ...
Page 9
... gains on home sales . 1 , 010 1 , 110 1 , 220 1 , 345 1 , 480 1 , 625 Capital gains at death.d . 4,750 5,085 5 , 440 5 , 820 6 , 230 6 , 665 Corporate surtax exemption .. 115 Reduced rates on first $ 100,000 of cor- porate income .. 7 ...
... gains on home sales . 1 , 010 1 , 110 1 , 220 1 , 345 1 , 480 1 , 625 Capital gains at death.d . 4,750 5,085 5 , 440 5 , 820 6 , 230 6 , 665 Corporate surtax exemption .. 115 Reduced rates on first $ 100,000 of cor- porate income .. 7 ...
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Act and sec Act provides adjusted allowed alternative minimum tax amendment amount basis benefits bill capital gains carryover Code compensation Congress believes contributions corporation date The provision decedent December 31 deduction deferred determined earned income effect This provision Effective date election eligible employer ERISA estate tax excess excise tax exemption Explanation of provision facilities Federal filing foreign tax credit gift tax gross income income tax increase individual interest Internal Revenue Service investment credit itemized deductions joint return limitation loss married couples ment minimum tax multiemployer plan partnership payments PBGC percent period present law Prior law production proposed treaty provision The Act qualified Reasons for change refund regulations resident respect Revenue effect rules spouse tax expenditures tax liability tax rate tax treaty taxable income taxable years beginning taxation taxpayer tion trade or business trust U.S. tax United windfall profit tax
Popular passages
Page 7 - royalties" as used in this Article means payments of any kind received as a consideration for the use of, or the right to use, any copyright of literary, artistic or scientific work including...
Page 45 - Generally such relationship exists when the person for whom services are performed has the right to control and direct the individual who performs the services, not only as to the result to be accomplished by the work but also as to the details and means by which that result is accomplished.
Page 106 - ... personal holding company income as defined in section 543, and if at any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly or indirectly, by or for not more than five individuals. (Sections 541-547.) Foreign personal holding companies. — Section 551 (a) requires that the undistributed foreign personal holding company income...
Page 1 - Extensive hearings followed before the House Committee on Ways and Means, and the Senate Committee on Finance.
Page 7 - A resolution shall be referred to the Committee on Ways and Means and the Committee on Education and Labor of the House of Representatives and to the Committee on Finance and the Committee on Labor and Human Resources of the Senate.
Page 140 - ... persons who have completed or left high school and who are available for full-time study in preparation for entering the labor market...
Page 171 - At any time during the tax year, did one foreign person own, directly or Indirectly, at least 25% of (a) the total voting power of all classes of stock of the corporation entitled to vote or (b) the total value of all classes of stock of the corporation? If "Yes.
Page 5 - For the purposes of the preceding paragraphs, the profits to be attributed to the permanent establishment shall be determined by the same method year by year unless there is good and sufficient reason to the contrary.
Page 177 - December 31, 1978, this section also applies to each activity — (i) engaged in by the taxpayer in carrying on a trade or business or for the production of income, and (ii) which is not described in paragraph (1).
Page 145 - All employees of all corporations that are members of a controlled group of corporations are to be treated as if they were employees of the same corporation for purposes of determining the years of employment of any employee and wages for any employee up to $6,000.