Income-tax Exemptions: Hearings Before the Subcommittee of the Committee on the Judiciary, United States Senate, Seventy-fifth Congress, First Session, on S. J. Res. 5, a Joint Resolution Proposing an Amendment to the Constitution of the United States to Enable the United States to Lay and Collect Taxes on Income Derived from Securities Issued by Any State, and to Enable Each State to Lay and Collect Taxes on Income Derived by Residents from Securities Issued Under Authority of the United States; and S. J. Res. 154, a Joint Resolution Proposing an Amendment to the Constitution of the United States Relative to Taxes on Certain Securities and the Income Derived Therefrom and on the Compensation of Officers and Employees of the States and Their Political Subdivisions. June 24 and August 3, 1937U.S. Government Printing Office, 1937 - 78 lappuses Considers (75) S.J. Res. 5, (75) S.J. Res. 154. |
No grāmatas satura
1.–5. rezultāts no 26.
3. lappuse
... ment needs the money . A constitutional amendment to make these securitie s taxable should be passed . The Treasury has consistently been the advocate of such reform . " Again , in 1928 , in his annual report , Mr. Mellon was on record ...
... ment needs the money . A constitutional amendment to make these securitie s taxable should be passed . The Treasury has consistently been the advocate of such reform . " Again , in 1928 , in his annual report , Mr. Mellon was on record ...
6. lappuse
... ment from the Record of June 10 , 1937 , by Representative McFarlane , of Texas , during a discussion of tax evasion in the House of Repre- sentatives . THE 1913 INCOME - TAX AMENDMENT This 1913 income - 6 INCOME - TAX EXEMPTIONS ...
... ment from the Record of June 10 , 1937 , by Representative McFarlane , of Texas , during a discussion of tax evasion in the House of Repre- sentatives . THE 1913 INCOME - TAX AMENDMENT This 1913 income - 6 INCOME - TAX EXEMPTIONS ...
8. lappuse
... ment in advance of a tax on Federal issues . But the Treasury takes no position as to when the resolutions proposing a constitutional amendment should be submitted . And I believe this is because there is some doubt about the effect ...
... ment in advance of a tax on Federal issues . But the Treasury takes no position as to when the resolutions proposing a constitutional amendment should be submitted . And I believe this is because there is some doubt about the effect ...
12. lappuse
... ment . One will be accepted , the other not . If the income - tax rates are reduced to a reasonable figure , the lure of tax - exempt securities to the wealthy becomes less appealing , and many will put their money into business or new ...
... ment . One will be accepted , the other not . If the income - tax rates are reduced to a reasonable figure , the lure of tax - exempt securities to the wealthy becomes less appealing , and many will put their money into business or new ...
14. lappuse
... ment to the Second Liberty Bond Act , as amended , authorizing the Secretary of the Treasury to exempt further issues of securities from the surtax as well as the normal tax . In the act of June 17 , 1929 , Congress modified the Second ...
... ment to the Second Liberty Bond Act , as amended , authorizing the Secretary of the Treasury to exempt further issues of securities from the surtax as well as the normal tax . In the act of June 17 , 1929 , Congress modified the Second ...
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Bieži izmantoti vārdi un frāzes
amount AUGUSTINE LONERGAN authority borrow money burden Cameron Company Chief Justice collect taxes compensation Congress constitutional amendment corporation Court held 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 judges 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 reichsmarks 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.
1. lappuse - Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (twothirds of each House concurring...
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; as any government, whose means employed in conducting its operations, if subject to the control of another and distinct...
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.
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.
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.
53. lappuse - It is contended that although the property or revenues of the States or their instrumentalities cannot be taxed, nevertheless the income derived from State, county, and municipal securities can be taxed. But we think the same want of power to tax the property or revenues from the States or their instrumentalities exists in relation to a tax on the income from their securities, and for the same reason, and that reason is given by Chief Justice Marshall in Weston v.
16. lappuse - SECTION 1. The United States shall have power to lay and collect taxes on income derived from securities issued, after the ratification of this article, by or under the authority of any State, but without discrimination against income derived from such securities and in favor of income derived from securities issued, after the ratification of this article...