Notes on the Revenue Act of 1918, Volumes 1-2United States. Department of the Treasury, United States. Congress. House. Committee on Ways and Means U.S. Government Printing Office, 1919 - 188 pages |
From inside the book
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Page 5
... paid to stockholders as dividends and the personal compensation paid to the officers as salaries ; and the principal competitors of the cor- poration in question may be partnerships or sole proprietors . Never- theless , if capital is a ...
... paid to stockholders as dividends and the personal compensation paid to the officers as salaries ; and the principal competitors of the cor- poration in question may be partnerships or sole proprietors . Never- theless , if capital is a ...
Page 10
... paid upon the death of the insured to individual beneficiaries or to the estate of the insured . " It has been suggested that this paragraph be amended so as to omit the limitation resulting from the words " to individual beneficiaries ...
... paid upon the death of the insured to individual beneficiaries or to the estate of the insured . " It has been suggested that this paragraph be amended so as to omit the limitation resulting from the words " to individual beneficiaries ...
Page 13
... paid under a contract for the sale of goods or otherwise ) representing profits on the manufacture and disposition of geeds - within - the - United States from the sale or disposition of goods within the United States manufactured or ...
... paid under a contract for the sale of goods or otherwise ) representing profits on the manufacture and disposition of geeds - within - the - United States from the sale or disposition of goods within the United States manufactured or ...
Page 14
... paid in a lump sum in one year for services rendered partly in that year and partly in prior years should not be subjected to the high rates of surtax which apply if the income is regarded as income of a single taxable year , but that a ...
... paid in a lump sum in one year for services rendered partly in that year and partly in prior years should not be subjected to the high rates of surtax which apply if the income is regarded as income of a single taxable year , but that a ...
Page 16
... paid on indebtedness incurred to purchase or carry obligations of the United States . These paragraphs , as now worded , permit taxpayers ( individuals and corporations , respectively ) to borrow money for the purpose of purchasing or ...
... paid on indebtedness incurred to purchase or carry obligations of the United States . These paragraphs , as now worded , permit taxpayers ( individuals and corporations , respectively ) to borrow money for the purpose of purchasing or ...
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Common terms and phrases
1918 by adding accrued act of August act of October affirmed amendment in substantially assessment Baltic Mining Co bank bonds capital stock cent centum collected collector of internal Commissioner of Internal company or association computing construed corporation tax act dealer December 17 deduction distilling District of Columbia dividends drugs exceed excise tax exempt following form gross income hereby Herold income tax indebtedness insurance company interest Internal Revenue internal-revenue issued Jin Fuey Moy joint-stock company lease lessee lessor liable manufacture Maryland Casualty Co McCoach mutual net income officers opium organized paragraph partnership payment penalty person policyholder premium profits purchaser purpose received required by law reserve funds Revenue Act Revised Statutes section 38 section 904 sell sixteenth amendment sold special tax stamp tax stock company stockholders subdivision subject to tax substantially the following suggested tax imposed taxable taxation taxpayer thereof tion Treasury United
Popular passages
Page 94 - July, eighteen hundred and ninety-eight, there shall be levied, collected, and paid, for and in respect of the several bonds, debentures, or certificates of stock and of indebtedness, and other documents, instruments, matters, and things mentioned and described in Schedule A...
Page 11 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract; (3) The value of property acquired by gift, bequest, devise, or descent (but the income from such property shall be included in gross income...
Page 39 - Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.
Page 116 - Act by providing for the registration and the imposition of a special tax upon all persons in the Canal Zone who produce, import, compound, deal in, dispense, sell, distribute, or give away opium or coca leaves, their salts, derivatives, or preparations.
Page 65 - All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt,. custody, disposal, or payment...
Page 129 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business...
Page 118 - ... preparations which contain cocaine or any of its salts or alpha or beta eucaine or any of their salts or any synthetic substitute for them...
Page 67 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system; and (B) providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or association or their dependents...
Page 125 - The amount so added to any tax shall be collected at the same time and in the same manner and as...
Page 119 - Provided further, That it shall not be necessary to negative any of the aforesaid exemptions in any complaint, information, indictment, or other writ or proceeding laid or brought under this Act; and the burden of proof of any such exemption shall be upon the defendant.