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 6
Page 5
... percent rate . For corporations , an al- ternative tax rate of 28 percent applies to net capital gain if the tax computed using that rate is lower than the corporation's regu- lar tax . The reduced tax rates for capital gains are taken ...
... percent rate . For corporations , an al- ternative tax rate of 28 percent applies to net capital gain if the tax computed using that rate is lower than the corporation's regu- lar tax . The reduced tax rates for capital gains are taken ...
Page 6
... percent of the real increase in value of the investment ( i.e. , after adjusting for the inflation rate ) over the course of the year . The remaining 75 percent of increased value would be deferred until the succeeding year , to be ...
... percent of the real increase in value of the investment ( i.e. , after adjusting for the inflation rate ) over the course of the year . The remaining 75 percent of increased value would be deferred until the succeeding year , to be ...
Page 7
... percent of increased value would actually be subject to tax in each year . 5 However , the inflation adjustment would apply to stock in foreign corporations which is traded on an established domestic securities market , other than stock ...
... percent of increased value would actually be subject to tax in each year . 5 However , the inflation adjustment would apply to stock in foreign corporations which is traded on an established domestic securities market , other than stock ...
Page 8
... percent higher than at the time of acquisition , 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 ...
... percent higher than at the time of acquisition , 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 ...
Page 10
... percent of contributions , with no dollar limit , and for 1986 the deduction is allowed for 100 per- cent of contributions ( subject to the general limitations ) . This provi- sion expires after 1986 . Under present law , a taxpayer may ...
... percent of contributions , with no dollar limit , and for 1986 the deduction is allowed for 100 per- cent of contributions ( subject to the general limitations ) . This provi- sion expires after 1986 . Under present law , a taxpayer may ...
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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