Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1955 |
From inside the book
Results 6-10 of 100
Page 9
... taxpayer is based on the marital status . of the taxpayer at the close of the income year or on the date of the death of a spouse . The three classifica- tions are joint returns of husbands and wives , sepa- rate returns of husbands and ...
... taxpayer is based on the marital status . of the taxpayer at the close of the income year or on the date of the death of a spouse . The three classifica- tions are joint returns of husbands and wives , sepa- rate returns of husbands and ...
Page 11
... taxpayer is a combination of all such shares if he is a member of more than one partnership . However , the taxpayer is re- quired to exclude from the partnership profit the amount of partially tax - exempt Government interest and the ...
... taxpayer is a combination of all such shares if he is a member of more than one partnership . However , the taxpayer is re- quired to exclude from the partnership profit the amount of partially tax - exempt Government interest and the ...
Page 12
... taxpayer's share ( whether actually received or not ) of distributable in- come of an estate or trust under which the taxpayer is a beneficiary . Such income , however , excludes par- tially tax - exempt Government interest which is re ...
... taxpayer's share ( whether actually received or not ) of distributable in- come of an estate or trust under which the taxpayer is a beneficiary . Such income , however , excludes par- tially tax - exempt Government interest which is re ...
Page 13
... taxpayer . The separate amounts of income tax and of self- employment tax are shown in table 2 , by adjusted gross income classes ; also the separate amounts are tabulated by types of tax in table 6 and by States and Territories in ...
... taxpayer . The separate amounts of income tax and of self- employment tax are shown in table 2 , by adjusted gross income classes ; also the separate amounts are tabulated by types of tax in table 6 and by States and Territories in ...
Page 14
... taxpayer . The self - employment tax rate of 24 percent is applicable to that portion of net earnings from self- employment which is equal to the difference between $ 3,600 and the amount of wages under $ 3,600 subject to withholding ...
... taxpayer . The self - employment tax rate of 24 percent is applicable to that portion of net earnings from self- employment which is equal to the difference between $ 3,600 and the amount of wages under $ 3,600 subject to withholding ...
Other editions - View all
Common terms and phrases
adjusted gross deficit adjusted gross income allowed alternative tax capital assets computed depreciation dividends estate or trust estate tax excess exclusions expenses Explanation of Classifications Forms W-2 gain from sales gain or loss gains and losses gift tax gross estate gross income classes husband and wife included Income tax liability income tax returns individual returns interest Internal Revenue Internal Revenue Code itemized deductions joint return long-form long-term capital gain loss from sales Marital deduction net estate nonresident alien normal tax number of exemptions Number of returns partnership payments percent prior Rents and royalties reported RETURNS FOR 1951 returns Number returns with adjusted sale or exchange sales of capital self-employment tax separate returns Sole proprietorships spouse standard deduction surtax net income tabulated tax and surtax tax credits tax rate tax returns tax withheld Taxable and nontaxable taxpayer Thousand Thousand dollars Thousand Thousand Thousand tion total gifts Total receipts trade or business
Popular passages
Page 186 - 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...
Page 124 - 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 116 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 127 - ... nonbusiness debt becomes worthless within the taxable year, the loss resulting therefrom shall be considered a loss from the sale or exchange, during the taxable year, of a capital asset held for not more than 6 months. (2) Nonbusiness debt defined. For purposes of paragraph (1), the term "nonbusiness debt...
Page 176 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 16 - ... 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 176 - In the case of any trade or business which is carried on by an individual or by a partnership and in which, if such trade or business were carried on exclusively by employees, the major portion of the services would constitute agricultural labor...
Page 135 - ... (c) Short-Term Obligations Issued on Discount Basis. — 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 143 - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year. Returns made on the basis of a fiscal year shall be made on or before the 15th day of the third month following the close of the fiscal year.
Page 82 - Georgia. 12. Idaho. 13. Illinois. 14. Indiana. 15. Iowa. 16. Kansas. 17. Kentucky. 18. Louisiana. 19. Maine. 20. Maryland. 21. Massachusetts. 22. Michigan. 23. Minnesota. 24. Mississippi. 25. Missouri. 26. Montana. 27. Nebraska. 28. Nevada. 29. New Hampshire.