General Tax Reform (testimony from Administration and Public Witnesses) Public Hearings, Ninety-third Congress, First Session...U.S. Government Printing Office, 1973 - 6871 páginas |
Otras ediciones - Ver todo
Términos y frases comunes
accelerated depreciation AFL-CIO allowed amendment amount annuity assets Association average benefits bill billion BURKE Chairman Mills committee companies Congress contributions corporations cost deduction depletion depreciation dividends dollar DUNCAN earnings economic effect eliminate employees estate tax expenditures exports Federal Government Federal income tax financing foreign tax credit funds gift tax going gross income incentive increase individuals industry interest Internal Revenue Code Internal Revenue Service investment credit itemized deductions labor legislation letter to Chairman Liberty Lobby loopholes marital deduction MEANY ment minimum tax National ordinary income ownership paid payments pension percent present law problem production profits programs proposed received result SCHNEEBELI Simpliform small business social security standard deduction statement subsidy tax burden tax laws tax rate tax system taxation taxpayers testimony Thank tion transfer Treasury trust United VANIK wages wealth welfare workers
Pasajes populares
Página 555 - A trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries...
Página 585 - Employees' annuities. (1) Employee's contributions recoverable in 3 years. Where — (A) Part of the consideration for an annuity, endowment, or life insurance contract is contributed by the employer, and (B) during the 3-year period beginning on the date on which an amount is first received under the contract as an annuity, the aggregate amount receivable by the employee under the terms of the contract is equal to or greater than the consideration for the contract contributed by the employee, then...
Página 589 - An individual shall be considered to be disabled if he is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of long-continued and indefinite duration.
Página 588 - ... trust described in section 401 (a) which is exempt from tax under section 501...
Página 587 - ... under the contract before the annuity starting date, to the extent that such amount was excludable from gross Income under this...
Página 586 - Includible In the gross Income of the employee under this subtitle or prior income tax laws; or (2) If such amounts had been paid directly to the employee at the time they were contributed, they would not have been includible in the gross Income of the employee under the law applicable at the time...
Página 555 - ... employees whose customary employment Is for not more than 20 hours In any one week, and employees whose customary employment Is for not more than 5 months In any calendar year...
Página 587 - The aggregate amount received under the contract before such date, to the extent that such amount was excludable from gross Income under this subtitle or prior Income tax laws.
Página 587 - Special rules applicable to employee annuities and distributions under employee plans — (1) Certain amounts received before annuity starting date. Any amounts received under an annuity, endowment, or life Insurance contract before the annuity startIng date which are not received as an annuity (within the meaning of...
Página 619 - Expenditures by farmers for clearing land — (a) In general. A taxpayer engaged in the business of farming may elect to treat expenditures which are paid or incurred by him during the taxable year in the clearing of land for the purpose of making such land suitable for use in farming as expenses which are not chargeable to capital account. The expenditures so treated shall be allowed as a deduction.