To Provide Revenue for War Purposes: Hearings Before the Committee on Finance, United States Senate, Sixty-fifth Congress, Second Session, on H.R. 12863, to Provide Revenue, and for Other Purposes ... |
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Page 13
The tax has to be paid out of the earnings . Senator JONES . Could you not increase your commissions ? Mr. HINKLEY . Not very well . Senator JONES . Why ? Mr. HINKLEY . Because they are standard commissions , one - fourth of 1 per cent ...
The tax has to be paid out of the earnings . Senator JONES . Could you not increase your commissions ? Mr. HINKLEY . Not very well . Senator JONES . Why ? Mr. HINKLEY . Because they are standard commissions , one - fourth of 1 per cent ...
Page 18
In addition therefore to the decline of earnings , each member of the Baltimore Stock Exchange has suffered a loss in his capital account by reduc- tion of the value of his seat from $ 6,000 to $ 3,000 or less . IV .
In addition therefore to the decline of earnings , each member of the Baltimore Stock Exchange has suffered a loss in his capital account by reduc- tion of the value of his seat from $ 6,000 to $ 3,000 or less . IV .
Page 30
... sincerity there is in the statement that we are going to devote all our resources to the winning of the war . There is not a farmer or laboring man earning fair wages who ought not to contribute heavily toward the liberty loan .
... sincerity there is in the statement that we are going to devote all our resources to the winning of the war . There is not a farmer or laboring man earning fair wages who ought not to contribute heavily toward the liberty loan .
Page 49
Compel all corporations and business concerns to declare dividends and prohibit the issuance of stock to conceal earnings . 3. Provide for full publicity as to incomes of over $ 25,000 . 4. Levy flat instead of graded rates . 5.
Compel all corporations and business concerns to declare dividends and prohibit the issuance of stock to conceal earnings . 3. Provide for full publicity as to incomes of over $ 25,000 . 4. Levy flat instead of graded rates . 5.
Page 84
I hold that if you tax the sum of these profits , the tax should be uniform ; that every business should be required to pay the same part of its net earnings that other businesses are required to pay ; that there should be no ...
I hold that if you tax the sum of these profits , the tax should be uniform ; that every business should be required to pay the same part of its net earnings that other businesses are required to pay ; that there should be no ...
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Common terms and phrases
actual additional allowed amendment amount apply Association basis believe bill bonds capital cent CHAIRMAN charge committee concerns Congress consideration corporation cost course deduction Department dividends earnings effect entire excess exchange exemption fact follows gentlemen give going Government hear House imposed income increase individual industry interest invested invested capital less manufacturer matter mean medicinal meet Mill mines musical necessary operation organization paid period person practically preparations present President production profits proposed purchase question reason received reference represent result revenue sell Senator JONES Senator PENROSE Senator SMOOT Senator THOMAS shares sold speak statement submitted suggestion taxation thing tion trade Treasury understand United York
Popular passages
Page 205 - ... whether made upon or shown by the books of the association, company, or corporation, or by any assignment in blank, or by any delivery, or by any paper or agreement or memorandum or other evidence of transfer or sale...
Page 314 - That the provisions of this shall not be construed to apply to the sale, distribution, giving away, dispensing, or possession of preparations and remedies which do not contain more than two grains of opium, or more than one-fourth of a grain of morphine, or more than one-eighth of a grain of heroin, or more than one grain of codeine, or any salt or derivative of any of them in one fluid ounce, or. if a solid or semisolid preparation, in one avoirdupois ounce...
Page 288 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...
Page 319 - ... or any salt or derivative of any of them in one fluid ounce, or, if a solid or semisolid preparation, in one avoirdupois ounce ; or to liniments, ointments, or other preparations which are prepared for external use only, except liniments, ointments, and other preparations which contain cocaine or any of its salts or alpha or beta eucaine or any of their salts or any synthetic substitute for them...
Page 205 - Provided further, That the tax shall not be imposed upon deliveries or transfers to a broker for sale, nor upon deliveries or transfers by a broker to a customer for whom and upon whose order he has purchased same, but such deliveries or transfers shall be accompanied by a certificate setting forth the facts: Provided further.
Page 241 - ... uttered, vended, or exposed for sale under any letters patent, or trade-mark, or which, if prepared by any formula, published or unpublished, are held out or recommended to the public by the makers, venders, or proprietors thereof as proprietary medicines or medicinal proprietary articles or preparations, or as remedies or specifics for any disease, diseases, or affection whatever affecting the human or animal body...
Page 592 - In the case of a corporation or partnership — (1) Actual cash paid in, (2) actual cash value of tangible property paid in other than cash for stock or shares in such corporation...
Page 584 - ... a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine of the product thereof which has been mined and sold during the year for which the return and computation are made...
Page 478 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 30 - I say sustained so far as may be equitable by taxation because it seems to me that it would be most unwise to base the credits which will now be necessary entirely on money borrowed. It is our duty, I most respectfully urge, to protect our people so far as we may against the very serious hardships and evils which would be likely to arise out of the inflation which would be produced by vast loans.
Bibliographic information
| Title | To Provide Revenue for War Purposes: Hearings Before the Committee on Finance, United States Senate, Sixty-fifth Congress, Second Session, on H.R. 12863, to Provide Revenue, and for Other Purposes ... Part 1 of To Provide Revenue for War Purposes: Hearings Before the Committee on Finance, United States Senate, Sixty-fifth Congress, Second Session, on H.R. 12863, to Provide Revenue, and for Other Purposes, United States. Congress. Senate. Committee on Finance |
| Author | United States. Congress. Senate. Committee on Finance |
| Publisher | U.S. Government Printing Office, 1918 |
| Original from | the Library of Congress |
| Digitized | 13 Sep 2006 |
| Length | 656 pages |
| Export Citation | BiBTeX EndNote RefMan |