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 |
From inside the book
Results 6-10 of 15
Page 5
... Certain Assets Present Law A taxpayer generally recognizes gain from an increase in value of a capital asset , or takes into account an allowable loss from a decline in value of the asset , only on the sale , exchange , or other ...
... Certain Assets Present Law A taxpayer generally recognizes gain from an increase in value of a capital asset , or takes into account an allowable loss from a decline in value of the asset , only on the sale , exchange , or other ...
Page 6
... certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act of 1981 , income tax brackets for individuals , as well as the zero bracket and personal exemption amounts , will be adjusted ...
... certain other purposes , U.S. tax law does take inflation into account . Under the Economic Recovery Tax Act of 1981 , income tax brackets for individuals , as well as the zero bracket and personal exemption amounts , will be adjusted ...
Page 7
... certain assets for purposes of deter- mining gain or loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real property . The adjustment would be applicable only to assets held for more ...
... certain assets for purposes of deter- mining gain or loss on disposition . Assets eligible for the inflation adjustment would be certain corporate stock and real property . The adjustment would be applicable only to assets held for more ...
Page 10
... certain limitations ( Code sec . 170 ( a ) ) . Individuals who do not itemize deductions may also deduct chari- table contributions , subject to limitations ( sec . 170 ( i ) ) . For 1982 and 1983 , the deduction is limited to 25 ...
... certain limitations ( Code sec . 170 ( a ) ) . Individuals who do not itemize deductions may also deduct chari- table contributions , subject to limitations ( sec . 170 ( i ) ) . For 1982 and 1983 , the deduction is limited to 25 ...
Page 12
... certain donations of tangible personal property to a public community col- lege or public technical institute ( within the meaning of sec . 742 ( b ) of the Higher Education Act of 1965 11 ) , or any other institution of 10 Under a ...
... certain donations of tangible personal property to a public community col- lege or public technical institute ( within the meaning of sec . 742 ( b ) of the Higher Education Act of 1965 11 ) , or any other institution of 10 Under a ...
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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