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 |
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Page 5
... recognizes gain from an increase in value of a capital asset , or takes into account an allowable loss from a decline in ... recognized generally would be subject to the reduced tax rates ( 5 ) DESCRIPTION OF BILLS LO S 1600 (Senator ...
... recognizes gain from an increase in value of a capital asset , or takes into account an allowable loss from a decline in ... recognized generally would be subject to the reduced tax rates ( 5 ) DESCRIPTION OF BILLS LO S 1600 (Senator ...
Page 6
... recognized generally would be subject to the reduced tax rates ap- plicable to capital gains . For certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act of 1981 , income tax ...
... recognized generally would be subject to the reduced tax rates ap- plicable to capital gains . For certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act of 1981 , income tax ...
Page 7
... recognized capital gain be included in income . Thus , under an ISIP , one - half of 25 percent of increased value would actually be subject to tax in each year . 5 However , the inflation adjustment would apply to stock in foreign ...
... recognized capital gain be included in income . Thus , under an ISIP , one - half of 25 percent of increased value would actually be subject to tax in each year . 5 However , the inflation adjustment would apply to stock in foreign ...
Page 8
... recognize a loss to the extent of the excess . However , any loss created ( or increased ) by application of the infla- tion adjustment would be treated as a capital loss , regardless of other provisions of the Code . In the case of an ...
... recognize a loss to the extent of the excess . However , any loss created ( or increased ) by application of the infla- tion adjustment would be treated as a capital loss , regardless of other provisions of the Code . In the case of an ...
Page 12
... recognized on sale of the donated property . Under a special rule , corporations are allowed an augmented charitable deduction for donations of newly manufactured scientific equipment or apparatus to a college or university for research ...
... recognized on sale of the donated property . Under a special rule , corporations are allowed an augmented charitable deduction for donations of newly manufactured scientific equipment or apparatus to a college or university for research ...
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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