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 4
Our subject is a tax of 1 per cent on sales by mail , proposed in the revenue bill now under consideration by the Senate Finance Com- mittee , to wit [ reading ] : SEC . 1005. That on and after January first , nineteen hundred and ...
Our subject is a tax of 1 per cent on sales by mail , proposed in the revenue bill now under consideration by the Senate Finance Com- mittee , to wit [ reading ] : SEC . 1005. That on and after January first , nineteen hundred and ...
Page 12
Mr. Chairman and gentlemen of the committee , I propose to be very brief . The particular matters we wish to bring to the attention of the committee are the two sections of the bill bearing upon a special tax upon members of stock ...
Mr. Chairman and gentlemen of the committee , I propose to be very brief . The particular matters we wish to bring to the attention of the committee are the two sections of the bill bearing upon a special tax upon members of stock ...
Page 17
The Baltimore Stock Exchange most earnestly protests against the proposed tax upon stockbrokers based upon the value of seats on the respective stock exchanges and a percentage of the annual dues paid by members of the ex- change ...
The Baltimore Stock Exchange most earnestly protests against the proposed tax upon stockbrokers based upon the value of seats on the respective stock exchanges and a percentage of the annual dues paid by members of the ex- change ...
Page 18
V. THE PROPOSED TAX IS ESPECIALLY BURDENSOME ON MEMBERS OF THE SMALLER EXCHANGES . The following figures showing the cost of doing business on the New York Stock Exchange and on the Baltimore Stock Exchange are given for comparison ...
V. THE PROPOSED TAX IS ESPECIALLY BURDENSOME ON MEMBERS OF THE SMALLER EXCHANGES . The following figures showing the cost of doing business on the New York Stock Exchange and on the Baltimore Stock Exchange are given for comparison ...
Page 19
Annual dues $ 200 Proposed 20 per cent Government tax on dues.40 Proposed tax based on value of seat . 200 Total yearly charge ---- 440 Estimated value of seat on Baltimore Exchange , $ 3,000 . Rate of annual charge in proportion to ...
Annual dues $ 200 Proposed 20 per cent Government tax on dues.40 Proposed tax based on value of seat . 200 Total yearly charge ---- 440 Estimated value of seat on Baltimore Exchange , $ 3,000 . Rate of annual charge in proportion to ...
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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 207 - ... 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 316 - 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 290 - 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 321 - ... 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 207 - 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 243 - ... 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 594 - 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 586 - ... 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 480 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 32 - 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 |