Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1955 |
From inside the book
Results 1-5 of 76
Page 1
... showing historical data . The third section of this report contains information reported on gift tax returns , Form 709 , filed by individuals who transferred property by gift during 1951. A brief historical summary is included at the ...
... showing historical data . The third section of this report contains information reported on gift tax returns , Form 709 , filed by individuals who transferred property by gift during 1951. A brief historical summary is included at the ...
Page 8
... showing adjusted gross deficit , regardless of and appear as a separate class . This class and the adjusted gross income class , " Under $ 600 , " occur among taxable returns for 1951 , because a self - employment tax is payable on self ...
... showing adjusted gross deficit , regardless of and appear as a separate class . This class and the adjusted gross income class , " Under $ 600 , " occur among taxable returns for 1951 , because a self - employment tax is payable on self ...
Page 10
... showing the amount of surtax net income by surtax income brackets introduces a new table this year . Tabulation of capital gains and losses , including short- and long - term gain and loss , carryover , and other details , is in table ...
... showing the amount of surtax net income by surtax income brackets introduces a new table this year . Tabulation of capital gains and losses , including short- and long - term gain and loss , carryover , and other details , is in table ...
Page 11
... showing a net loss from these sources . 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 ...
... showing a net loss from these sources . 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 ...
Page 15
... showing either an in- come tax withheld or an excess withholding of social security tax and returns showing both . Payments on 1951 declaration of estimated tax , re- ported by the taxpayer on return Form 1040 , as a pay- ment on the ...
... showing either an in- come tax withheld or an excess withholding of social security tax and returns showing both . Payments on 1951 declaration of estimated tax , re- ported by the taxpayer on return Form 1040 , as a pay- ment on the ...
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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.