Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
From inside the book
Results 1-5 of 13
Page 2
... amount of their charitable contribution deduction , taxpayers may deduct their actual fuel expenses for a vehicle ... amount of charitable deduction otherwise allowed for donated property must be reduced by the amount of any ordi ...
... amount of their charitable contribution deduction , taxpayers may deduct their actual fuel expenses for a vehicle ... amount of charitable deduction otherwise allowed for donated property must be reduced by the amount of any ordi ...
Page 3
... amount of the deduction under the special rule exceed twice the basis of the property . Explanation of provision Section 1 of the bill would provide an augmented charitable de- duction for corporate or other taxpayers making certain ...
... amount of the deduction under the special rule exceed twice the basis of the property . Explanation of provision Section 1 of the bill would provide an augmented charitable de- duction for corporate or other taxpayers making certain ...
Page 5
... amounts . Thus , the law does not take into account for this purpose changes in the value of the dollar resulting from inflation . For example , a taxpayer who purchases a share of stock for $ 100 , and sells the stock for $ 150 ten ...
... amounts . Thus , the law does not take into account for this purpose changes in the value of the dollar resulting from inflation . For example , a taxpayer who purchases a share of stock for $ 100 , and sells the stock for $ 150 ten ...
Page 6
... amounts , will be adjusted each year for inflation begin- ning in 1985 ( Code sec . 1 ( f ) ) . The adjustment for ... amount of any capital gain is reduced by the indexation allowance for the applicable holding period . Where the ...
... amounts , will be adjusted each year for inflation begin- ning in 1985 ( Code sec . 1 ( f ) ) . The adjustment for ... amount of any capital gain is reduced by the indexation allowance for the applicable holding period . Where the ...
Page 8
... amount equal to 150 percent of the asset basis at the time of acquisition . If the inflation adjustment exceeds the amount of gain ( deter- mined without the adjustment ) on disposition of an indexed asset , the taxpayer would recognize ...
... amount equal to 150 percent of the asset basis at the time of acquisition . If the inflation adjustment exceeds the amount of gain ( deter- mined without the adjustment ) on disposition of an indexed asset , the taxpayer would recognize ...
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Common terms and phrases
accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment justment limited partner limited partnership ness oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs