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
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Page 2
... gain or loss from the disposition of capital assets is established in fixed dollar amounts . Thus , changes in the value of the dollar resulting from inflation are not taken into account for this purpose . The bill would provide for an ...
... gain or loss from the disposition of capital assets is established in fixed dollar amounts . Thus , changes in the value of the dollar resulting from inflation are not taken into account for this purpose . The bill would provide for an ...
Page 5
... income , and no loss is allowable for any decline in value . Gain on disposition of a capital asset which has been held for more than one year is taxable at reduced rates . Capital assets gen- erally include property held by the ...
... income , and no loss is allowable for any decline in value . Gain on disposition of a capital asset which has been held for more than one year is taxable at reduced rates . Capital assets gen- erally include property held by the ...
Page 6
... gains . For certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act ... gain , no gain or loss is recognized . The allowance is not applicable to capital losses . Canada The Canadian ...
... gains . For certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act ... gain , no gain or loss is recognized . The allowance is not applicable to capital losses . Canada The Canadian ...
Page 7
... gain or loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real ... gain be included in income . Thus , under an ISIP , one - half of 25 percent of increased value would actually be ...
... gain or loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real ... gain be included in income . Thus , under an ISIP , one - half of 25 percent of increased value would actually be ...
Page 8
... gain or loss would be determined by reducing the sales pro- ceeds by an 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 ...
... gain or loss would be determined by reducing the sales pro- ceeds by an 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 ...
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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 ISIP justment limited partner limited partnership 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