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 30
... income and borrow it from them at 4 or 4 per cent or are you going to take everything over $ 100,000 in taxes ? I ... income taxes . From an income on $ 5,000,000 it is proposed to take $ 3,527,000 , leaving that indi- vidual very nearly ...
... income and borrow it from them at 4 or 4 per cent or are you going to take everything over $ 100,000 in taxes ? I ... income taxes . From an income on $ 5,000,000 it is proposed to take $ 3,527,000 , leaving that indi- vidual very nearly ...
Page 31
... income over $ 100,000 . Senator LODGE . How much would it yield if that were done ? Mr. MARSH . Just taking that would not yield very much . Senator LODGE . How much would it yield in taxes if you did it ? Mr. MARSH . I can not give you ...
... income over $ 100,000 . Senator LODGE . How much would it yield if that were done ? Mr. MARSH . Just taking that would not yield very much . Senator LODGE . How much would it yield in taxes if you did it ? Mr. MARSH . I can not give you ...
Page 32
... income ? Mr. MARSH . No ; a gross national income received of $ 72,000,000 , - 000 . The CHAIRMAN . That does not help us much . What we want to know is the net income . Gross income might not take two - thirds of it , and there would ...
... income ? Mr. MARSH . No ; a gross national income received of $ 72,000,000 , - 000 . The CHAIRMAN . That does not help us much . What we want to know is the net income . Gross income might not take two - thirds of it , and there would ...
Page 35
... incomes ? Mr. MARSH . Out of production . Senator JONES . It is a question of whether you should get that income directly through an income tax or indirectly through a con- sumption tax , and you favor getting it all by direct taxation ...
... incomes ? Mr. MARSH . Out of production . Senator JONES . It is a question of whether you should get that income directly through an income tax or indirectly through a con- sumption tax , and you favor getting it all by direct taxation ...
Page 42
... income - tax law - that is , 0.24 per cent ( less than one - quarter of 1 per cent of the total number ) . Their total income was $ 129.642.432 ; their average income $ 8.998.57 . Of this number , 245 had an income of $ 50,000 to ...
... income - tax law - that is , 0.24 per cent ( less than one - quarter of 1 per cent of the total number ) . Their total income was $ 129.642.432 ; their average income $ 8.998.57 . Of this number , 245 had an income of $ 50,000 to ...
Common terms and phrases
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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.