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 ... |
From inside the book
Results 1-5 of 22
Page 134
... medicinal pur- poses . I want to submit some figures to you as to whose accuracy you can get confirmation from the department of Internal Revenue . As near as our estimates , more or less exact , can arrive at a result , there are to ...
... medicinal pur- poses . I want to submit some figures to you as to whose accuracy you can get confirmation from the department of Internal Revenue . As near as our estimates , more or less exact , can arrive at a result , there are to ...
Page 231
... medicinal products , and the difficulty with the situation of the proposed act from their point of view is this . I am not here for the purpose of objecting or protesting against taxation as such . My whole duty in the matter is to call ...
... medicinal products , and the difficulty with the situation of the proposed act from their point of view is this . I am not here for the purpose of objecting or protesting against taxation as such . My whole duty in the matter is to call ...
Page 232
... medicinal preparations . As I conceive it , Congress meant , and means now , to tax proprie- tary medicines . It has ... medicinal remedies are the result of formulas discovered and approved by doctors years ago . Every one of these ...
... medicinal preparations . As I conceive it , Congress meant , and means now , to tax proprie- tary medicines . It has ... medicinal remedies are the result of formulas discovered and approved by doctors years ago . Every one of these ...
Page 233
... medicinal products , is entirely abrogated . There seems to be a settled policy of taxing proprietaries . I can not persuade myself that Congress ever meant to tax medicines in general , and add that burden to the sick . Take , for ...
... medicinal products , is entirely abrogated . There seems to be a settled policy of taxing proprietaries . I can not persuade myself that Congress ever meant to tax medicines in general , and add that burden to the sick . Take , for ...
Page 234
... medicinal remedies is the point I was trying to explain . I do not believe it can be made to operate , because what we are under now , under this ruling , is this , that we can put upon our labels " Made by X Y Z " we can throw away all ...
... medicinal remedies is the point I was trying to explain . I do not believe it can be made to operate , because what we are under now , under this ruling , is this , that we can put upon our labels " Made by X Y Z " we can throw away all ...
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.