 | United States - 1928 - 1164 pages
...and in the manner provided in sections 951 and 952, and the total tax shall be this amount minus 12% per centum of the capital net loss; but in no case shall the tax under this subdivision be less than the taxes imposed by sections 951 and 952 computed without regard... | |
 | United States - 1928 - 268 pages
...in the manner provided in sections 210 and 211, and the total tax shall be this amount minus 12J/£ per centum of the capital net loss; but in no case shall the tax under this subdivision be less than the taxes imposed by sections 210 and 211 computed without regard... | |
 | Clem Wetzell Collins - 1928 - 976 pages
...Problem 9 These terms are defined in the revenue act of 1921 as follows: Section 206 (a) (1). "The term 'capital gain' means taxable gain from the sale or exchange of capital assets consummated after December 31, 1921." Section 206 (a) (6). "The term 'capital assets' as used... | |
 | Robert Hiester Montgomery - 1925 - 1928 pages
...in the manner provided in sections 210 and 211, and the total tax shall be this amount minus \z'/2 per centum of the capital net loss; but in no case shall the tax under this subdivision be less than the taxes imposed by sections 210 and 211 computed without regard... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...computations, etc., see page 563 et seq.) LAW. Section 208. (a) For the purposes of this title — (1) The term "capital gain" means taxable gain from the sale or exchange of capital assets consummated after December 31, 1921; (2) The term "capital loss" means deductible loss resulting... | |
 | United States. Board of Tax Appeals - 1930 - 1618 pages
...The terms " capital gain " and " capital assets " are defined in section 206 as follows: The term " capital gain " means taxable gain from the sale or exchange of capital assets consummated after December 31, 1921; ******* The term "capital assets" as used in this section... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...provided in sections 11, 12, 102, and 211, and the total tax will be this amount minus 12% per cent of the capital net loss, but in no case shall the tax under section 101 (b) be less than the tax computed without regard to the provisions of section 101.... | |
 | United States. Board of Tax Appeals - 1933 - 1618 pages
...enacted and the total tax shall be this amount plus 12^ per centum of the capital net gain. • **•**. (c) Definitions. — For the purposes of this title...taxable gain from the sale or exchange of capital assets consummated after December 31, 1921. (2) "Capital loss" means deductible loss resulting from... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...provided in sections 11, 12, 102, and 211, and the total tax will be this amount minus 121/2 per cent of the capital net loss, but in no case shall the tax under section 101 (b) be less than the tax computed without regard to the provisions of section 101.... | |
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... this title, a tax determined as follows: a partial tax shall first be computed upon the basis of the ordinary net income at the rates and in the manner as if... 
