 | 1953 - 1028 pages
...short-term capital gain Is fully taxable at the normal tax and surtax rates. Net long-term capital gain or the excess of net long-term capital gain over net short-term capital loss is taxed at CO percent, if such tax plus the tax on net Income reduced by such capital gain Is less than... | |
 | United States. Internal Revenue Service - 1951 - 1868 pages
...short-term capital gain is fully taxable at the normal tax and surtax rates. Net long-term capital gain or the excess of net long-term capital gain over net short-term capital loss is taxed at 50 percent, if such tax plus the tax on net income reduced by such capital gain is less than... | |
 | United States. Internal Revenue Service - 1955 - 516 pages
...short-term capital gain Is fully taxable at the normal tax and surtax rates. Net long-term capital gain or the excess of net longterm capital gain over net short-term capital loss Is taxed at 50 percent, U such tax plus the tax on net Income reduced by such capital gain (alternative... | |
 | United States. Congress. House. Committee on Ways and Means - 1966 - 1120 pages
...gains by providing in the case of taxpayers other than corporations — (1) That only 50 percent of the excess of net long-term capital gain over net short-term capital loss is to be includible in income and taxed at ordinary rates; or alternatively, if it produces a lesser tax... | |
 | United States. Internal Revenue Service - 1978 - 668 pages
...regular taxes. Corporate taxpayers Under present law, the alternative tax on corporate net capital gains (the excess of net long-term capital gain over net short-term capital loss) is 30 percent (sec. 1201 (a) ). No special deduction for 50 percent of a long-term capital gain is available... | |
 | United States. Congress. Senate. Committee on Finance - 1984 - 822 pages
...60 percent capital gains exclusion. Instead a corporation computes its tax in the following manner: The excess of net long-term capital gain over net shortterm capital loss is included in income and a tax at the regular corporate tax rates is computed. Then an alternative tax is determined... | |
 | United States. Congress. House. Committee on Ways and Means - 1985 - 82 pages
...of tax on dividends received by a corporation is only 6.9 percent. A corporation's net capital gain (the excess of net long-term capital gain over net short-term capital loss) is subject to an alternative tax of 28 percent if the the tax computed using that rate is lower than the... | |
 | John J. McKetta Jr - 1982 - 522 pages
...results from holding an asset for over 12 months. The capital gain tax is computed as follows. First, the excess of net long-term capital gain over net short-term capital loss is included in income and a tax at regular rates is computed. Then the alternate tax is calculated by adding the tax... | |
 | United States. Congress. Senate. Committee on Finance - 1963 - 290 pages
...gains by providing in the case of taxpayers other than corporations — • (1) That only 50 percent of the excess of net long-term capital gain over net short-term capital loss is to be includible in income and taxed at ordinary rates ; or alternatively, if it produces a lesser... | |
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The excess of net long-term capital gain over net short-term capital loss is included in income and a tax at the regular corporate tax rates is computed. 