Revenue Act of 1941: Hearings Before the Committee on Finance, United States Senate, Seventy-seventh Congress, First Session on H.R. 5417, an Act to Provide Revenue, and for Other Purposes. Revised August 8, 11, 12, 13, 14, 15, 18, 19, 20, 21, 22, and 23, 1941

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U.S. Government Printing Office, 1941 - 1592 pages

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Page 249 - ... inasmuch as most good things are produced by labor, it follows that all such things of right belong to those whose labor has produced them. But it has so happened, in all ages of the world, that some have labored, and others have without labor enjoyed a large proportion of the fruits. This is wrong, and should not continue. To secure to each laborer the whole product of his labor, or as nearly as possible, is a worthy object of any good government.
Page 478 - Act of 1917) upon all articles commonly or commercially known as jewelry, whether real or imitation; pearls, precious and semi-precious stones, and imitations thereof; articles made of, or ornamented, mounted or fitted with, precious metals or imitations thereof...
Page 551 - Losses from sales or exchanges of capital assets shall be allowed only to the extent allowed in sections 1211 and 1212.
Page 548 - STOCK AND SECURITIES TRANSACTIONS. Except in the case of regular dealers in stock or securities, gains from the sale or exchange of stock or securities.
Page 282 - There is hereby imposed upon the following articles (including in each case parts or accessories therefor sold on or in connection therewith or with the sale thereof) sold by the manufacturer, producer, or importer a tax equivalent to the specified percent of the price for which so sold: (1) Articles taxable at 10 percent, except that on and after October 1, 1972, the rate shall be 5 percent Automobile truck chassis.
Page 100 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 522 - ... per centum of the average amount of the gross income of the same class for the four previous taxable years, or, if the taxpayer was not in existence for four previous taxable years, the taxable years during which the taxpayer was in existence.
Page 322 - The CHAIRMAN. The committee will recess until 2 o'clock. (Whereupon, at 12 : 25 pm, a recess was taken until 2 pm of the same day.) AFTERNOON SESSION (The hearing was resumed at 2 pm) The CHAIRMAN.
Page 248 - No provision of this title shall apply in any case where its application would be contrary to any treaty obligation of the United States in effect on the date of enactment of this title.
Page 551 - ... by the amount of the credit provided in section 26 (a), relating to interest on certain obligations of the United States and Government corporations.

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