Revenue Revision: Hearings Before the Committee on Ways and Means, House of Representatives ...U.S. Government Printing Office, 1925 |
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50 cents 50 per cent amendment American amount Association automobile believe bonds broker burden capital-stock tax CAREW cars cent tax CHAIRMAN CHASSELL CHINDBLOM cigar clubs collected committee Congress corporation corporation tax cost course Detroit Stock Exchange Doctor ADAMS Doctor SELIGMAN dollars earned excise tax exemption expenses fact farmer favor Federal estate tax Federal Government Federal tax Florida GARNER gentlemen gift tax GOTTLIEB Governor HAWLEY income tax increase industry inheritance tax interest Internal Revenue investment Iowa June 30 levied manufacturers matter ment MILLS MONDELL normal tax occupational tax paid pistols present production profits provision question RAINEY reason reduction repeal represent returns revenue act Secretary MELLON sell statement surtax SUTPHEN tax law taxable taxation taxicabs taxpayer theater tion to-day tobacco TREADWAY Treasury Department United WINSTON York
Popular passages
Page 213 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 208 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 208 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 508 - ... years from the time the tax was paid, unless before the expiration of such period a claim therefor is filed by the taxpayer.
Page 417 - There remains, then, only one mode of using great fortunes; but in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor — a reign of harmony — another ideal, differing, indeed, from that of the Communist in requiring only the further evolution of existing conditions, not the total overthrow of our civilization.
Page 95 - State, subject only to the two restrictions, that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State...
Page 34 - The CHAIRMAN. If there is no objection on the part of the committee, we will receive those statements.
Page 401 - That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value of the gross estate — ( 1 ) Such amounts for funeral expenses, administration expenses, claims against the estate...
Page 401 - ... the value of the gross estate, and (5) reasonably required and actually expended for the support during the settlement of the estate of those dependent upon the decedent, as are allowed by the laws of the jurisdiction, whether within or without the United States, under which the estate is being administered...
Page 416 - The growing disposition to tax more and more heavily large estates left at death is a cheering indication of the growth of a salutary change in public opinion.