Statistics of Income from Returns of Net IncomeU.S. Government Printing Office, 1951 |
Contents
269 | |
282 | |
290 | |
296 | |
304 | |
314 | |
321 | |
333 | |
75 | |
85 | |
97 | |
106 | |
170 | |
180 | |
194 | |
206 | |
217 | |
233 | |
242 | |
257 | |
339 | |
345 | |
369 | |
407 | |
411 | |
4 | |
45 | |
513 | |
5 | |
6 | |
48 | |
Other editions - View all
Common terms and phrases
adjusted excess profits adjusted gross income Amortization assets 46 Bad debts balance sheets capital assets capital loss Cash and assets classes and money compiled net profit declared value excess-profits deficit classes dends dividends paid excess profits tax figures in thousands filed footnotes Form W-2 gain or loss gift tax gross income classes income and deficit income and returns income Net income income or deficit income tax Interest on Government itemized deductions less total tax long-term capital gain loss from sales major industrial groups Money figures nontaxable returns normal tax Number of returns operating loss deduction percent profit less total profits net income reported returns for 1945 returns with adjusted returns with balance returns with net sales of capital sales or exchanges short-term capital gain tabulated tax liability taxable fiduciary returns Taxable returns Taxes paid thousands of dollars Total assets classes Total compiled receipts value excess-profits tax victory tax
Popular passages
Page 45 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 222 - A corporation entitled to the benefits of section 931, by reason of receiving a large percentage of its gross income from sources within a possession of the United States...
Page 45 - Is subject to the allowance for depreciation provided in section 23 (1), or an obligation of the United States or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, Issued on or after March 1, 1941, on a discount basis and payable without Interest at a fixed maturity date not exceeding one year from the date of issue, or real property used in the trade or business of the taxpayer; (2) Short-term capital gain.
Page 47 - States, for exclusively public purposes; or (2) A corporation, trust or community chest, fund, or foundation, created or organized in the United States or in any possession thereof or under the law of the United States...
Page 222 - Effective foreign tax rate. For purposes of this section, the term "effective foreign tax rate" means— (1) With respect to a single controlled foreign corporation, the percentage which — (A) The income, war profits, or excess profits taxes paid or accrued to foreign countries or possessions of the United States by...
Page 5 - The common parent corporation owns directly stock possessing at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock of at least one of the other Includlble corporations. As used in this subsection, the term "stock" does not include nonvoting stock which is limited and preferred as to dividends. (3) The term "affiliated group...
Page 45 - As used in this subsection, the term "security" means any bond, debenture, note, or certificate or other evidence of indebtedness, issued by any corporation (Including...
Page 235 - January 1, 1934, if such amounts are reasonable with reference to the size and terms of such indebtedness.
Page 47 - Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24. 1917, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from the taxes Imposed by this chapter.
Page 3 - ... an obligation of the United States or any of its possessions, or of a State or Territory : or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue. SEC. 1222. OTHER TERMS RELATING TO CAPITAL GAINS AND LOSSES. For purposes of this subtitle — (1) SHORT-TERM CAPITAL GAIN. — The term "short-term capital gain...