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 21
As the tax now stands , what will happen will be that the board of trade will lose a large number of its members , and the revenue will not be forthcoming , but it is not necessary for those brokers to be members of our exchange in ...
As the tax now stands , what will happen will be that the board of trade will lose a large number of its members , and the revenue will not be forthcoming , but it is not necessary for those brokers to be members of our exchange in ...
Page 22
It is not necessary for him to be a member of our exchange at all nor a member of any exchange to sell his canned goods . But if he is member of our exchange he is taxes $ 50 . If he is not , there is no tax except $ 100 .
It is not necessary for him to be a member of our exchange at all nor a member of any exchange to sell his canned goods . But if he is member of our exchange he is taxes $ 50 . If he is not , there is no tax except $ 100 .
Page 23
If it be necessary that they should be taxed $ 100 and then more in order that the war may be successfully financed they will not com- plain , but they do ...
If it be necessary that they should be taxed $ 100 and then more in order that the war may be successfully financed they will not com- plain , but they do ...
Page 33
I am not arguing that , but we do point out to you the fact that if you will adopt the system of taxation which we suggest , it will not be necessary to have recourse to that position , and add booze to the factors which are going to ...
I am not arguing that , but we do point out to you the fact that if you will adopt the system of taxation which we suggest , it will not be necessary to have recourse to that position , and add booze to the factors which are going to ...
Page 41
Well , I do not think it is quite necessary . I do not think it is fair to either side . Mr. MARSH . Why is it fair to ask me that ? I am perfectly willing to tell . I have been offered two or three times that salary , and could have ...
Well , I do not think it is quite necessary . I do not think it is fair to either side . Mr. MARSH . Why is it fair to ask me that ? I am perfectly willing to tell . I have been offered two or three times that salary , and could have ...
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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 |