The War Tax Law: Approved October 3, 1917 |
From inside the book
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Page 18
... therefor shall be subject to a fine not exceeding $ 5,000 or imprison- ment for a term not exceeding one year , or both . This requirement is the same as that in effect before collection of the tax at the source was abolished . LIFE ...
... therefor shall be subject to a fine not exceeding $ 5,000 or imprison- ment for a term not exceeding one year , or both . This requirement is the same as that in effect before collection of the tax at the source was abolished . LIFE ...
Page 27
... therefor ) , and 3. Paid in or earned surplus and undivided profits , used or employed in the business exclusive of ... therefor was made in cash or tangible property . The value included shall not exceed the actual cash or actual cash ...
... therefor ) , and 3. Paid in or earned surplus and undivided profits , used or employed in the business exclusive of ... therefor was made in cash or tangible property . The value included shall not exceed the actual cash or actual cash ...
Page 28
... therefor specifically as such in cash or tangible prop- erty , not to exceed the actual cash or actual cash value of the tangible property bona fide paid there- for at the time of such payment . ( Sec . 207. ) Foreign Corporations and ...
... therefor specifically as such in cash or tangible prop- erty , not to exceed the actual cash or actual cash value of the tangible property bona fide paid there- for at the time of such payment . ( Sec . 207. ) Foreign Corporations and ...
Page 29
... therefor at the time of payment . ( Sec . 208. ) RATES OF TAX The tax shall be collected on percentages of the net income as follows : ( Sec . 201. ) Rate Net Income ( in excess of deduction ) and not in excess of 15 % of the invested ...
... therefor at the time of payment . ( Sec . 208. ) RATES OF TAX The tax shall be collected on percentages of the net income as follows : ( Sec . 201. ) Rate Net Income ( in excess of deduction ) and not in excess of 15 % of the invested ...
Page 36
... therefor $ .01 FREIGHT From point in U. S. to another in U. S. ( Sec . 500 . ) — on amount paid therefor 3 % * NOTE : Tax imposed hereunder : ( 1 ) Shall be paid by person paying for service . ( Sec . 501. ) ( 2 ) ON TRANSPORTATION ...
... therefor $ .01 FREIGHT From point in U. S. to another in U. S. ( Sec . 500 . ) — on amount paid therefor 3 % * NOTE : Tax imposed hereunder : ( 1 ) Shall be paid by person paying for service . ( Sec . 501. ) ( 2 ) ON TRANSPORTATION ...
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Common terms and phrases
Act of September actual cash value additional tax admission agreement to sell approval assessed beverage purposes bonded warehouse calendar year nineteen capital stock carbonated water carrier cents centum centum per annum cigarettes cigars citizen or resident collected Collector of Internal Commissioner of Internal company or association corporation or partnership deduction distilled spirits distillery dividends domestic corporation domestic partnership exceeding excess profits taxes exempt existing law Fermented Liquors fiscal fraction thereof hereby amended hundred and seventeen hundred and sixteen income exceeds income in excess indebtedness insurance company interest Internal Revenue invested capital issued joint-stock company levied manner as provided nineteen hundred normal tax packages par value payment person Postmaster pre-war period prior rectified spirits regulations prescribed Secretary section five September eighth sold subdivision tangible property tax equivalent tax imposed taxable Taxes paid tion total net income trade or business transfer Treasury United wines zone
Popular passages
Page 102 - Deed, instrument, or writing, whereby any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her, or their direction...
Page 90 - Such returns shall contain such information and be made in such manner as the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, may...
Page 106 - That the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, is hereby authorized to make all needful rules and regulations for the enforcement of the provisions of this Act.
Page 33 - All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade; (a) in the case of oil and gas wells a reasonable allowance for actual reduction in flow and production...
Page 74 - Partnerships (a) In the case of a corporation or partnership: (1) actual cash paid in, (2) the actual cash value of tangible property paid in other than cash...
Page 96 - ... and other documents, instruments, matters, and things mentioned and described in Schedule A of this title, or for or in respect of the vellum, parchment, or paper upon which such instruments, matters, or things, or any of them, are written or printed, by any person who makes, signs, issues, sells, removes, consigns, or ships the same, or for whose use or benefit the same are made, signed, issued, sold, removed, consigned, or shipped, the several taxes specified in such schedule.
Page 72 - An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes.
Page 103 - That a tax (hereinafter in this title referred to as the tax), equal to the following percentages of the value of the net estate to be determined as provided in section two hundred and three, is hereby imposed upon the transfer of the net estate of every decedent dying after the passage of this Act...
Page 105 - Treasury, shall prescribe; and such articles, goods, wares, or merchandise, shipped from said islands to the United States, shall be exempt from the payment of any tax imposed by the...
Page 35 - That all administrative, special, and general provisions of law, including the laws in relation to the assessment, remission, collection, and refund of internal-revenue taxes not heretofore specifically repealed, and not inconsistent with the provisions of this title, are hereby extended and made applicable to all the provisions of this title and to the tax herein imposed...