Commuter Tax: Hearings and Markup Before the Subcommittee on Fiscal Affairs and the Committee on the District of Columbia, House of Representatives, Ninety-fourth Congress, Second Session, on H.R. 11579 and H.R. 14621 ...

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Page 33 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business by such corporation, joint stock company or association, or insurance company, equivalent to one per centum upon the entire net income over and above five thousand dollars received by it from all sources during such year...
Page 178 - The expense of government to the individuals of a great nation is like the expense of management to the joint tenants of a great estate, who are all obliged to contribute in proportion to their respective interests in the estate.
Page 33 - While the mere declaration contained in a statute that it shall be regarded as a tax of a particular character does not make it such if it is apparent that it cannot be so designated consistently with the meaning and effect of the act...
Page 33 - It is therefore apparent, giving all the words of the statute effect, that the tax is imposed not upon the franchises of the corporation irrespective of their use in business, nor upon the property of the corporation, but upon the doing of corporate or insurance business, and with respect to the carrying on thereof...
Page 4 - ... for the taxable year, or, if his net income for such taxable year is computed upon the basis of a period different from that upon the basis of which the net income of the...
Page 264 - States move with rapidity in this matter; and be it further Resolved, That copies of this resolution be transmitted to the President of the United States...
Page 5 - Every individual (other than a nonresident alien with respect to whose wages, as defined in section...
Page 33 - That every corporation, joint stock company, or association organized for profit and having a capital stock represented by shares, and every insurance company now or hereafter organized under the laws of the United States or of any state or territory of the United States...
Page 627 - States ; and be it further Resolved, That the clerk of the house of delegates...
Page 264 - Columbia government proposes to take which could only be detrimental to all concerned ; now, therefore, be it Resolved by the House of Delegates, the Senate concurring, That the Congress of the United States is hereby memorialized and requested to prevent the government of the District of Columbia from adopting the "reciprocal income tax...

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