Individual Retirement Act of 1955: Hearings Before the Committee on Ways and Means, House of Representatives, Eighty-fourth Congress, First Session, on H. R. 10, a Bill to Encourage the Establishment of Voluntary Pension Plans by Individuals. June 27 and 28, 1955U.S. Government Printing Office, 1955 - 282 pages Considers legislation to permit self-employed persons to postpone payment of income tax on part of current earnings set aside for retirement purposes. |
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9 and H. R. American Bar Association American Dental Association American Medical Association amount annual annuity appear approved average Bar Association bracket Chairman common stocks Congress Congressman contributions corporate cost Cowles Commission D. C. DEAR dentists DICKINSON discrimination doctor of medicine doctors Doctors of osteopathy dollar earned income economic employed persons employees enactment favor Federal given the committee GREDE groups included income tax increase Individual Retirement industrial Internal Revenue Code investment Jenkins-Keogh bills JERE COOPER June 24 KARSTEN KEOGH lawyers legislation Means Committee medical schools ment million osteopathy payment pending bills pension plans percent period physicians present problem profession professional profit-sharing proposed plan questions Representatives restricted retirement fund retirement plans revenue loss salary salesmen savings Secretary Sedgwick plan self-employed persons social security statement tax gadget tax rates tax reduction taxable income taxation taxpayer Thank tion Treasury trust Washington
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Page 170 - Council for Professional Development, the recognized accrediting body of the engineering profession, composed of representatives of the American Society of Civil Engineers, the American Institute of Mining and Metallurgical Engineers, the American Society of Mechanical Engineers...
Page 58 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 281 - The amount of all items of gross income in respect of a decedent which are not properly includible in respect of the taxable period in which falls the date of his death...
Page 233 - Chairman Ways and Means Committee, House of Representatives, Washington, DC DEAR SIR...
Page 163 - physician" as used in the regulations in this subchapter includes surgeons and osteopathic practitioners within the scope of their practice as defined by State law. The term "medical, surgical, and hospital services and supplies...
Page iii - New York State Bar Association, Association of the Bar of the City of New York, New York County Lawyers...
Page 276 - Qualified pension, profit-sharing, and stock bonus plans — (a) Requirements for qualification. A trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries...
Page 279 - For purposes of this section, the term "earned income" means wages, salaries, or professional fees, and other amounts received as compensation for personal services actually rendered, but does not include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered.
Page 157 - ... (and securities of any open-end or closed-end management type investment company or investment trust registered under the Federal Investment Company Act of 1940, as from time to time amended '), which men of prudence, discretion and intelligence acquire or retain for their own account. and within the limitations of the foregoing standard...
Page 55 - Act, dividends paid after the 15th day of the third month following the close of the taxable year and on or before December 15, 1955, may...