Statistics of Income for ...U.S. Government Printing Office, 1953 |
From inside the book
Results 1-5 of 100
Page 8
... excess of 5 percent of adjusted gross income cannot exceed $ 1,250 multiplied by the number of exemptions other than those for age and blindness with a maximum deduction of $ 2 , 500 , except in the case of a joint return of husband and ...
... excess of 5 percent of adjusted gross income cannot exceed $ 1,250 multiplied by the number of exemptions other than those for age and blindness with a maximum deduction of $ 2 , 500 , except in the case of a joint return of husband and ...
Page 18
... excess of gross rents received over deductions for depreciation , repairs , interest , taxes , and other expenses attribut- able to the rented property . Rent includes the fair market value of crops received as rent from farm property ...
... excess of gross rents received over deductions for depreciation , repairs , interest , taxes , and other expenses attribut- able to the rented property . Rent includes the fair market value of crops received as rent from farm property ...
Page 29
... excess over net short - term capital loss which is taxed at the 50 percent alternative rate . The amount subject to ... excess of long- term gain , or where a carry - over exceeded the short - term gain resulting in a short - term loss ...
... excess over net short - term capital loss which is taxed at the 50 percent alternative rate . The amount subject to ... excess of long- term gain , or where a carry - over exceeded the short - term gain resulting in a short - term loss ...
Page 41
... excess of the respective expenses over gross income received . 17 Net profit from business is the excess of gross receipts from business over deductions for business expenses and the net operating loss deduction due to the unabsorbed ...
... excess of the respective expenses over gross income received . 17 Net profit from business is the excess of gross receipts from business over deductions for business expenses and the net operating loss deduction due to the unabsorbed ...
Page 58
... excess of the net income shall be carried to the succeeding year and treated as a short - term capital loss ; however , the excess of such short- term capital loss over the net short - term capital gain of such succeed- ing year is not ...
... excess of the net income shall be carried to the succeeding year and treated as a short - term capital loss ; however , the excess of such short- term capital loss over the net short - term capital gain of such succeed- ing year is not ...
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Common terms and phrases
adjusted gross income allowed amount basic table capital loss carry-over classes and money compiled net profit computed corporations depreciation dividends estate tax excess exchanges of capital Federal figures in thousands footnotes Form Forms W-2 Frequency distribution gain or loss gains and losses gift tax gross estate gross income classes included income or deficit income tax Individual returns Internal Revenue Internal Revenue Code itemized deductions joint return long-term capital gain loss from sales Major industrial groups marital deduction money figures net estate normal tax Number of returns operating loss deduction partially tax-exempt partnership percent prior reported returns for 1948 returns with adjusted returns with balance returns with itemized sales of capital sales or exchanges Schedule spouse standard deduction tabulated tax and surtax tax liability tax withheld taxable and nontaxable taxable fiduciary returns taxes paid taxpayer thousands of dollars tion total gifts Total income classes total number trade or business victory tax
Popular passages
Page 61 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 179 - 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 27 - ... 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 462 - ... visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.
Page 338 - USC 742a), interest upon obligations issued on or after March 1, 1941, by the United States, or any ag-ency or instrumentality thereof, shall not have any exemption, as such, from Federal...
Page 24 - Stock possessing at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock of each of the...
Page 49 - ... personal holding company income; and (2) at any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly or indirectly, by or for not more than five individuals. The term "personal holding company...
Page 486 - ... cost or market, whichever is lower, for their 1920 inventories. The basis properly adopted for that year or any subsequent year is controlling, and a change can now be made only after permission is secured from the Commissioner. Application for permission to change the basis of valuing inventories shall be made in writing and filed with the Commissioner as provided in paragraph (e) of § 1.446-1.
Page 424 - In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed, or acquired, on or after April 6, 1917, for the production of articles contributing to the prosecution of the present war...
Page 443 - For purposes of this section, the term "earned income" means wages, salaries, or professional fees, and other amounts received as compensation for personal services actually rendered, but does not include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered.