...11 and 12, if and only if such alternative tax is less than the tax imposed by sections 11 and 12. This alternative tax is the sum of ( 1 ) a partial tax, computed at the rates provided by sections 11 and 12, on the net Income of the taxpayer, excluding therefrom for this...

...11 and 12, if and only if such alternative tax is less than the tax imposed by sections 11 and 12. idered as gains or losses from sales or exchanges of capital assets; rates provided by sections 11 and 12, on the net income of the taxpayer, excluding therefrom for this...

...life insurance companies), and section 500 (relating to surtax on personal holding companies). The alternative tax is the sum of (1) a partial tax, computed at the normal tax and surtax rates on the net income decreased by the'amount of the excess of the net long-term...

...such alternative tax is less than the tax imposed by sections 11 and 12. For any such taxable year this alternative tax is the sum of (1) a partial tax, computed at the rates provided by sections 11 and 12, on the net income of the taxpayer, excluding therefrom for this...

...alternative tax is not in lieu of any other tax not specifically set forth in section 1201 (b) . The alternative tax is the sum of — (1) A partial tax, computed at the rates provided by sections 1 and 511 on the taxable income reduced by an amount equal to 50 percent...

...alternative tax is not In lieu of any other tax not specifically set forth in section 1201 (b). The alternative tax is the sum of — (1) A partial tax, computed at the rates provided by sections 1 and 511 on the taxable income reduced by an amount equal to 50 percent...

...thereunder for provisions relating to the minimum tax for tax preferences. (2) Alternative tax. The alternative tax is the sum of: (1) A partial tax computed at th* rates provided in sections 11, 511, 821 (a) or (c), and 831(a). on the taxable income of the taxpayer...

...short-term capital loss (not effective on returns with surtax net income under $18,000) is imposed if, and only if, the alternative tax is less than...the sum of (1) a partial tax computed at the regular rates on net income reduced for this purpose by the excess of net long-term capital gain over net short-term...

...66-240 — Continued (Facsimiles of return forms, to which references are made, appear on pp. 283-348) tax Is the sum of (1) a partial tax. computed at the normal tax and surtax rates on the net Income decreased by the amount of the excess of the net longterm...

...tax imposed by section 541, or of any other tax not specifically set forth in section 1201 (a). The alternative tax is the sum of ( 1) a partial tax computed at the rates provided in sections 11, 511, $02 (a) (for taxable years beginning after December 31, 1954, and...