Income-tax Exemptions. Hearings Before the Subcommittee...on S.J. Res. 5...S.J. Res. 154...June 24 and August 3, 19371937 - 78 lappuses |
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1.–5. rezultāts no 13.
5. lappuse
... debt , stand to gain far more than they will possibly lose from an rise of interest on their own issues . Now that virtually all the States have or will soon have an income tax the situation is vitally different from the old conditions ...
... debt , stand to gain far more than they will possibly lose from an rise of interest on their own issues . Now that virtually all the States have or will soon have an income tax the situation is vitally different from the old conditions ...
10. lappuse
... debts have no such exemptions . As to State and municipal securities , I assume it is clear , since the decision in Evans v . Gore ( 253 U. S. 245 ) , that the sixteenth amendment does not permit the Federal Government to tax income ...
... debts have no such exemptions . As to State and municipal securities , I assume it is clear , since the decision in Evans v . Gore ( 253 U. S. 245 ) , that the sixteenth amendment does not permit the Federal Government to tax income ...
15. lappuse
... debts are increasing and raising taxes for all who pay them . " ( Chicago Tribune editorial , Feb. 15 , 1923. ) THE PRESENT SITUATION The logic and wisdom of levying a tax on exempt securities has continued with such force down to the ...
... debts are increasing and raising taxes for all who pay them . " ( Chicago Tribune editorial , Feb. 15 , 1923. ) THE PRESENT SITUATION The logic and wisdom of levying a tax on exempt securities has continued with such force down to the ...
18. lappuse
... debt of the United States out- standing amounted to $ 22,722,597,530 , of which amount $ 12,860,055,350 was subject to surtax and $ 9,862,542,180 was wholly tax exempt as to both income and surtax . It appears that the average annual ...
... debt of the United States out- standing amounted to $ 22,722,597,530 , of which amount $ 12,860,055,350 was subject to surtax and $ 9,862,542,180 was wholly tax exempt as to both income and surtax . It appears that the average annual ...
20. lappuse
... debt to tax ? Based on the data available and the existing tax rates , we believe the maximum revenue which the Federal Government could obtain would not exceed $ 160,000,000 annually . Of this amount , about $ 90,000,000 would come ...
... debt to tax ? Based on the data available and the existing tax rates , we believe the maximum revenue which the Federal Government could obtain would not exceed $ 160,000,000 annually . Of this amount , about $ 90,000,000 would come ...
Bieži izmantoti vārdi un frāzes
5½ percent amount AUGUSTINE LONERGAN authority borrow money burden Cameron Company Chief Justice collect taxes Congress constitutional amendment corporation debt derived from securities dollars Dominion excise tax exempt from taxation exempt securities favor Federal Government Federal securities Finance francs Frederick Van Nuys future issues Government securities governmental functions income derived income from Federal income from tax-exempt income tax increase individuals interest rates investment investors issue of tax-exempt June 24 June 30 lay and collect legislation Mellon ment municipal bonds municipal securities National net income normal tax obligations opinion power to tax present proposed question ratification Reconstruction Finance Corporation Revenue Act salaries Secretary securities issued Senate Joint Resolution Senator AUSTIN Senator BYRD Senator LONERGAN Senator VAN NUYS sixteenth amendment STAM statement subcommittee Supreme Court surtax Swiss francs tax on income tax the income tax-exempt interest tax-exempt securities tax-free taxation taxing power taxpayers tion United States Government wholly
Populāri fragmenti
24. lappuse - The right to tax the contract to any extent, when made, must operate upon the power to borrow before it is exercised, and have a sensible influence on the contract. The extent of this influence depends on the will of a distinct government. To any extent, however inconsiderable, it is a burden on the operations of government. It may be carried to an extent which shall arrest them entirely.
53. lappuse - The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
1. lappuse - That the following article is hereby proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by conventions in three-fourths of the several States : "ARTICLE — "SECTION 1.
53. lappuse - It is admitted that there is no express provision in the constitution that prohibits the general government from taxing the means and instrumentalities of the States, nor is there any prohibiting the States from taxing the means and instrumentalities of that government. In both cases the exemption rests upon necessary implication, and is upheld by the great law of self-preservation...
31. lappuse - If the right to impose the tax exists, it is a right which in its nature acknowledges no limits. It may be carried to any extent, within the jurisdiction of the state or corporation which imposes it, which the will of each state and corporation may prescribe.
7. lappuse - ... (4) Interest upon (A) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia...
31. lappuse - All subjects over which the sovereign power of a state extends are objects of taxation; but those over which it does not extend are, upon the soundest principles, exempt from taxation.
8. lappuse - In the case of obligations of the United States issued after September 1, 1917 (other than postal savings certificates of deposit...
11. lappuse - Another reform which is urgent in our fiscal system is the abolition of the right to issue tax-exempt securities. The existing system not only permits ^a large amount of the wealth of the Nation to escape its just burden but acts as a continual stimulant to municipal extravagance. This should be prohibited by constitutional amendment. All the wealth of the Nation ought to contribute its fair share to the expenses of the Nation.
22. lappuse - The general government, and the States, although both exist within the same territorial limits, are separate and distinct sovereignties, acting separately and independently of each other, within their respective spheres. The former in its appropriate sphere is supreme; but the States within the limits of their powers not granted, or, in the language of the Tenth Amendment, "reserved," are as independent of the general government as that government within its sphere is independent of the States.