 | United States. Congress. Senate. Committee on Finance - 1938 - 768 lapas
...revenue by its relief from financial burden which would otherwise have to be met by appropriations for public funds, and by the benefits resulting from the promotion of the general welfare. In addition, it is my opinion that the small amount of income tax yield you might save through this... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 656 lapas
...revenue by its relief from financial burden which would otherwise have to be met by appropriations from public funds, and by the benefits resulting from the promotion of the general welfare. The United States derives no such benefit from gifts to foreign institutions, and the proposed limitation... | |
 | United States. Congress. House. Committee on Ways and Means - 1969 - 1618 lapas
...revenue by its relief from financial burden which would otherwise have to be met by appropriation from public funds, and by the benefits resulting from the promotion of the general welfare. Senator Hollis explained the deduction to the Senate in these words : * For every dollar that a man... | |
 | United States. Tax Court - 1959 - 1470 lapas
...Its relief from financial burden which would otherwise have to be met by appropriations from pubic funds, and by the benefits resulting from the promotion of the general welfare. The United States derives no such benefit from gifts to foreign Institutions, and the proposed limitation... | |
 | United States. Congress. Economic Joint Committee - 1972 - 298 lapas
...revenue by its relief from financial burden which would otherwise have to be met by appropriations from public funds, and by the benefits resulting from the promotion of the general welfare. The United States derives no such benefit from gifts to foreign institutions, and the proposed limitation... | |
 | United States. Congress. House. Committee on Ways and Means - 1973 - 562 lapas
...by its relief from financial burdens which would otherwise have to be made up by appropriations from public funds and by the benefits resulting from the promotion of the general welfare. You must also admit that the charitable deductions are unique. The prime beneficiary of the donor's... | |
 | United States. Congress. House. Committee on Ways and Means - 1976 - 924 lapas
...revenue hv its relief from financial burden which would otherwise have to be met by appropriations from public funds, and by the benefits resulting from the promotion of the general wlfare." H. Ren. 1860. 75th ConR.. 3rd Sess.. CB 1939-1 (Part 2). 728 at p. 742. ' General Explanation... | |
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The exemption from taxation of money or property devoted to charitable and other purposes is based upon the theory that the Government is compensated for the loss of revenue by its relief from financial burden which would otherwise have to be met by appropriations... 
