Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1955 |
From inside the book
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Page 6
... rent payments , this being the most convenient method of claiming the refund . All data are taken from the returns as filed by the taxpayer , previous to the official audit , and do not in- clude any changes resulting from under ...
... rent payments , this being the most convenient method of claiming the refund . All data are taken from the returns as filed by the taxpayer , previous to the official audit , and do not in- clude any changes resulting from under ...
Page 10
... rents and royalties less expenses at- tributable thereto , net gain from sales of capital assets and other property , allowable losses from sales of capi- tal assets and other property , net operating loss de- duction , and net profit ...
... rents and royalties less expenses at- tributable thereto , net gain from sales of capital assets and other property , allowable losses from sales of capi- tal assets and other property , net operating loss de- duction , and net profit ...
Page 11
... Rents and roy- alties are reported in the same schedule , and the net amount from either is not available . A net profit from either source offsets net loss of the other . Rents include the fair market value of crops received as rent ...
... Rents and roy- alties are reported in the same schedule , and the net amount from either is not available . A net profit from either source offsets net loss of the other . Rents include the fair market value of crops received as rent ...
Page 13
... - em- deductions are excluded , such as rents ( other than United States , which credits are allowed only to tax- ployment earnings ; also , certain types of income and INDIVIDUAL INCOME TAX RETURNS FOR 1951 13 Types of tax liability 13-14.
... - em- deductions are excluded , such as rents ( other than United States , which credits are allowed only to tax- ployment earnings ; also , certain types of income and INDIVIDUAL INCOME TAX RETURNS FOR 1951 13 Types of tax liability 13-14.
Page 64
... RENT 691,217 2,201,217 40,836 53,670 2,147,547 38,726 245,555 163,106 141,861 67,509 34,460 223,404 636,662 2,112,431 18 87,561 40,267 49,666 166,953 8,218 11,225 155,728 4,557 16,961 9,584 9,508 5,486 3,570 23,035 43,909 156,837 29 ...
... RENT 691,217 2,201,217 40,836 53,670 2,147,547 38,726 245,555 163,106 141,861 67,509 34,460 223,404 636,662 2,112,431 18 87,561 40,267 49,666 166,953 8,218 11,225 155,728 4,557 16,961 9,584 9,508 5,486 3,570 23,035 43,909 156,837 29 ...
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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.