The exemption from taxation of money or property devoted to charitable and other purposes is based upon the theory that the Government is compensated for the loss of revenue by its relief from financial burden which would otherwise have to be met by appropriations... Federal Subsidy Programs: A Staff Study Prepared for the Use of the ... - Page 75by United States. Congress. Joint Economic Committee. Subcommittee on Priorities and Economy in Government - 1974 - 127 pagesFull view - About this book
| United States. Congress. Senate. Committee on Finance - 1938 - 768 pages
...revenue by its relief from financial burden which would otherwise have to be met by appropriations for public funds, and by the benefits resulting from the promotion of the general welfare. In addition, it is my opinion that the small amount of income tax yield you might save through this... | |
| United States. Congress. Senate. Committee on Finance - 1954 - 656 pages
...restricted to contributions made to domestic institutions. The exemption from taxation of money or property devoted to charitable and other purposes is based...the proposed limitation is consistent with the above theory.1 If the recipient, however, is a domestic organization the fact that some portion of its funds... | |
| United States. Congress. House. Committee on Ways and Means - 1969 - 1618 pages
...of revenue by its relief from financial burden which would otherwise have to be met by appropriation from public funds, and by the benefits resulting from the promotion of the general welfare. Senator Hollis explained the deduction to the Senate in these words : * For every dollar that a man... | |
| United States. Congress. House. Committee on Ways and Means - 1973 - 562 pages
...for any loss of revenue by its relief from financial burdens which would otherwise have to be made up by appropriations from public funds and by the benefits...resulting from the promotion of the general welfare. You must also admit that the charitable deductions are unique. The prime beneficiary of the donor's... | |
| United States. Congress. House. Committee on Ways and Means - 1978 - 312 pages
...Rrown & Co., 1942) Vol. 1, Ch. 12. pp. 638-64.1. K "The exemption from taxation of money or property devoted to charitable and other purposes is based...resulting from the promotion of the general welfare." H. Rep. 1860, 75th Cong., 3rd Sess., CR 1939-1 (Part 2), 728 at p. 742 acted to restrict, rather than... | |
| United States. Congress. Senate. Committee on Finance - 1982 - 300 pages
...its relief from financial burden which would otherwise have to be met by appropriations from other public funds, and by the benefits resulting from the promotion of the general welfare. HR Rep. No. 1820, 75th Cong. 3d Sess. 19 (1939). Because Bob Jones' discriminatory practices violated... | |
| United States. Congress. House. Committee on Ways and Means - 1982 - 740 pages
...its relief from financial burden which would otherwise have to be met by appropriations from other public funds, and by the benefits resulting from the promotion of the general welfare" HR Rep. No. 1820, 75th Cong. 3d Sess. (1939) (emphasis added) The Court of Appeals reasoned that Bob... | |
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