Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1955 |
From inside the book
Results 1-5 of 78
Page 6
... claiming the refund . All data are taken from the returns as filed by the taxpayer , previous to the official audit ... claimed if within the maximum allowable deduction . ( f ) The amount of gross income which an individual may receive ...
... claiming the refund . All data are taken from the returns as filed by the taxpayer , previous to the official audit ... claimed if within the maximum allowable deduction . ( f ) The amount of gross income which an individual may receive ...
Page 7
... claimed by taxpayers who compute their tax liability on long - term returns . See page 16 for list of closely ... claiming refund of tax ; such wages are not taxable to the de- pendent , nor do they constitute a part of the income of the ...
... claimed by taxpayers who compute their tax liability on long - term returns . See page 16 for list of closely ... claiming refund of tax ; such wages are not taxable to the de- pendent , nor do they constitute a part of the income of the ...
Page 9
... claimed head of household status in computing his pro- rated tax for the portion of his income year after November 1 , 1951 , the classification for marital status is based entirely on the marital status for the earlier part of his ...
... claimed head of household status in computing his pro- rated tax for the portion of his income year after November 1 , 1951 , the classification for marital status is based entirely on the marital status for the earlier part of his ...
Page 15
... claimed on account of the overpayment of 1950 tax , only cash payments on 1951 declaration , or a combination of cash payments on 1951 declaration and the credit for overpayment of 1950 tax . A declaration of estimated tax does not ...
... claimed on account of the overpayment of 1950 tax , only cash payments on 1951 declaration , or a combination of cash payments on 1951 declaration and the credit for overpayment of 1950 tax . A declaration of estimated tax does not ...
Page 16
... claimed , a frequency of returns showing additional exemptions for age and blindness together with the number of ... claiming the tax refund ; such wages are not taxable to the dependent , nor do they con- stitute a part of the income of ...
... claimed , a frequency of returns showing additional exemptions for age and blindness together with the number of ... claiming the tax refund ; such wages are not taxable to the dependent , nor do they con- stitute a part of the income of ...
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Common terms and phrases
adjusted gross deficit adjusted gross income allowed alternative tax capital assets computed depreciation dividends estate or trust estate tax excess exclusions expenses Explanation of Classifications Forms W-2 gain from sales gain or loss gains and losses gift tax gross estate gross income classes husband and wife included Income tax liability income tax returns individual returns interest Internal Revenue Internal Revenue Code itemized deductions joint return long-form long-term capital gain loss from sales Marital deduction net estate nonresident alien normal tax number of exemptions Number of returns partnership payments percent prior Rents and royalties reported RETURNS FOR 1951 returns Number returns with adjusted sale or exchange sales of capital self-employment tax separate returns Sole proprietorships spouse standard deduction surtax net income tabulated tax and surtax tax credits tax rate tax returns tax withheld Taxable and nontaxable taxpayer Thousand Thousand dollars Thousand Thousand Thousand tion total gifts Total receipts trade or business
Popular passages
Page 186 - As used in this subsection, the term "security" means any bond, debenture, note, or certificate or other evidence of indebtedness, issued by any corporation (Including...
Page 124 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 116 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 127 - ... nonbusiness debt becomes worthless within the taxable year, the loss resulting therefrom shall be considered a loss from the sale or exchange, during the taxable year, of a capital asset held for not more than 6 months. (2) Nonbusiness debt defined. For purposes of paragraph (1), the term "nonbusiness debt...
Page 176 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 16 - ... resulting from such distribution shall be considered as a gain from the sale or exchange of a capital asset held for not more than 6 months.
Page 176 - In the case of any trade or business which is carried on by an individual or by a partnership and in which, if such trade or business were carried on exclusively by employees, the major portion of the services would constitute agricultural labor...
Page 135 - ... (c) Short-Term Obligations Issued on Discount Basis. — In the case of any obligation of the United States or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue...
Page 143 - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year. Returns made on the basis of a fiscal year shall be made on or before the 15th day of the third month following the close of the fiscal year.
Page 82 - Georgia. 12. Idaho. 13. Illinois. 14. Indiana. 15. Iowa. 16. Kansas. 17. Kentucky. 18. Louisiana. 19. Maine. 20. Maryland. 21. Massachusetts. 22. Michigan. 23. Minnesota. 24. Mississippi. 25. Missouri. 26. Montana. 27. Nebraska. 28. Nevada. 29. New Hampshire.