Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1951 |
From inside the book
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Page 54
... prior years equals the total cost . Thereafter , en- tire amounts received are taxable and must be in- cluded in adjusted gross income . Annuities , pen- sions , and retirement pay upon which tax is with- held may be reported in ...
... prior years equals the total cost . Thereafter , en- tire amounts received are taxable and must be in- cluded in adjusted gross income . Annuities , pen- sions , and retirement pay upon which tax is with- held may be reported in ...
Page 67
... prior year net loss which is allowable against total income ; for 1922-33 includes the capital net gain taxed at 121⁄2 percent ; for 1924-33 excludes the capital loss for which a tax credit of 122 percent was allowed ; for 1940-43 is ...
... prior year net loss which is allowable against total income ; for 1922-33 includes the capital net gain taxed at 121⁄2 percent ; for 1924-33 excludes the capital loss for which a tax credit of 122 percent was allowed ; for 1940-43 is ...
Page 51
... prior to revisions that may be made as a result of audit by the Internal Revenue Service and prior to changes resulting from carrybacks after the returns were filed . " Net income " or " Deficit " for 1947 and 1948 is the difference ...
... prior to revisions that may be made as a result of audit by the Internal Revenue Service and prior to changes resulting from carrybacks after the returns were filed . " Net income " or " Deficit " for 1947 and 1948 is the difference ...
Page 346
... prior to revisions that may be made as a result of audit by the Internal Revenue Service and prior to changes resulting from carry - backs after the returns were filed . • Returns filed in a State may not be a complete coverage of all ...
... prior to revisions that may be made as a result of audit by the Internal Revenue Service and prior to changes resulting from carry - backs after the returns were filed . • Returns filed in a State may not be a complete coverage of all ...
Page 417
... Prior to 1923 , " Total compiled receipts " is not available by returns with net income and re- turns with no net ... prior to Mar. 1 , on which date the income tax became effective . Net income for cur- rent year , i . e . , be- fore ...
... Prior to 1923 , " Total compiled receipts " is not available by returns with net income and re- turns with no net ... prior to Mar. 1 , on which date the income tax became effective . Net income for cur- rent year , i . e . , be- fore ...
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Common terms and phrases
55 less Accounts payable accounts receivable adjusted gross income Bad debts balance sheets capital assets 19 capital loss Capital stock Cash and assets Compensation of officers compiled net profit contributed under pension Contributions or gifts Corporation's own stock deficit classes Depreciation dividends paid excess profits tax Fabricated metal figures in thousands footnotes Government obligations less Gross sales 11 included income and deficit income and returns income or deficit Interest on Government investments less income tax long-term capital gain major industrial groups Money figures net income Notes and accounts Number of returns operating loss deduction paid by type paid on business percent profit less income real property receipts from operations Rents 16 returns with balance returns with net Royalties 17 short-term capital gain Subject to surtax surtax only 14 TABLE Taxes paid 25 thousands of dollars Total assets classes Total compiled deductions Total compiled receipts type of dividend
Popular passages
Page 218 - As used in this subsection, the term "security" means any bond, debenture, note, or certificate or other evidence of indebtedness, issued by any corporation (including one issued by a government or political subdivision thereof), with interest coupons or in registered form...
Page 237 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 13 - A corporation entitled to the benefits of section 931, by reason of receiving a large percentage of its gross income from sources within a possession of the United States...
Page 269 - ... notice and demand by the collector, or the amount of tax overpaid, if any, shall be credited or refunded to the taxpayer in accordance with the provisions of section 323.
Page 259 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes imposed by this title.
Page 314 - 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 222 - ... is greater than the excess of the net long-term capital gain over the net short-term capital loss of the taxable year, the portion of each distribution which shall be a capital gain dividend...
Page 316 - ... 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 131 - ... 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 91 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service (including personal service as an officer or employee of a State, or any political subdivision thereof, or any agency or instrumentality of any one or more of the foregoing...