The Federal Income TaxColumbia University Press, 1921 - 271 էջ |
Այլ խմբագրություններ - View all
The Federal Income Tax Robert Murray Haig,Thomas Sewall Adams,Thomas Reed Powell Դիտել հնարավոր չէ - 2016 |
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acquired actual affiliated corporations allowed amount appear applied Article basic date basis book value capital stock cent claim Columbia University Commissioner computed Congress consolidated invested capital consolidated return Constitution cost or market deduction for inadmissibles definition depletion deposit depreciation depreciation reserve determined direct tax earnings economic effect eliminated equivalent of cash estimated excess profits tax fact fair market value February 28 filed footnote gain inadmissible assets included income tax inter-company profits interest inventory Justice lessee lessor liabilities Liberty bond loss manufacturing ment method mineral mining net income operating ownership paid parent company permitted practice pre-war income pre-war period present value prior provision purchased purposes question realized reasonable received Regulations 45 result ruling selling separate Sixteenth Amendment sold statute Stock Dividend stockholders subsidiary supra surplus tax law taxable income taxation taxpayer tion transaction Treasury regulations United valuation
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Էջ 2 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Էջ 83 - Income may be defined as the gain derived from capital, from labor, or from both combined,' provided it be understood to include profit gained through a sale or conversion of capital assets.
Էջ 169 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Էջ 66 - The head of each department is authorized to prescribe regulations not inconsistent with law, for the government of his department, the conduct of its officers and clerks, the distribution and performance of its business, and the custody, use, and preservation of the records, papers, and property appertaining to it.
Էջ 42 - A word is not a crystal, transparent and unchanged, it is the skin of a living thought and may vary greatly in color and content according to the circumstances and the time in which it is used.
Էջ 169 - That in the case of mines, oil and gas wells, discovered by the taxpayer, on or after March 1, 1913, and not acquired as the result of purchase of a proven tract or lease...
Էջ 31 - It is true that the power of Congress to tax is a very extensive power. It is given in the Constitution, with only one exception and only two qualifications. Congress cannot tax exports, and it must impose direct taxes by the rule of apportionment, and indirect taxes by the rule of uniformity. Thus limited, and thus only, it reaches every subject, and may be exercised at discretion.
Էջ 120 - In the case of buildings, machinery, equipment, or other facilities, constructed, erected, Installed, or acquired, on or after April 6, 1917, for the production of articles contributing to the prosecution...
Էջ 147 - For the purpose of this section two or more domestic corporations shall be deemed to be affiliated (1) if one corporation owns directly or controls through closely affiliated interests or by a nominee or nominees substantially all the stock of the other or others, or (2) if substantially all Opinion of the Court the stock of two or more corporations is owned or controlled by the same interests.
Էջ 169 - March 1, 1913, and not acquired as the result of purchase of a proven tract or lease, where the fair market value of the property is materially disproportionate to the cost, the depletion allowance shall be based upon the fair market value of the property at the date of the discovery, or within thirty days thereafter; such reasonable allowance in all the above cases to be made under rules and regulations to be prescribed by the Commissioner with the approval of the Secretary. In the case of leases...