Federal Tax Policy for Economic Growth and Stability: Papers Submitted by Panelists Appearing Before the Subcommittee on Tax Policy, Joint Committee on the Economic Report. November 9, 1955, Volym 1
United States. Congress. Joint Economic Committee, United States. Congress. Joint Committee on the Economic Report. Subcommittee on Tax Policy, United States. Congress. Joint Committee on the Economic Report
U.S. Government Printing Office, 1955 - 930 sidor
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Federal Tax Policy for Economic Growth and Stability: Papers ..., Volym 2
United States. Congress. Joint Economic Committee
Obegränsad förhandsgranskning - 1955
additional allowance amount appear applied assets average benefit billion brackets capital capital gains changes companies consideration consumer consumption continue corporate cost deductions demand depletion depreciation distribution dividends dollars earnings economic effect equity estimated excise exemptions existing expenditures expenses extent fact Federal financing force foreign funds gains Government greater groups growth higher important incentive income tax increase individual industry interest Internal Revenue Code investment investors involved labor less limited loss lower major means ment methods operation percent percentage period possible present problem production profits progressive provisions purchase question reason received reduced relatively reported result returns revenue rise savings structure substantial tax rates taxable taxation taxpayers tion treatment United
Sida 411 - 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...
Sida 421 - Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be if computed without reference to this paragraph.
Sida 745 - The desire to provide security for one's self and one's family is natural and wholesome, but it is adequately served by a reasonable inheritance. Great accumulations of wealth cannot be justified on the basis of personal and family security. In the last analysis such accumulations...
Sida 421 - the gain — derived — from — capital,' etc. Here we have the essential matter: not a gain accruing to capital, not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital however invested or employed, and coming in, being 'derived...
Sida 364 - ... means each separate interest owned by the taxpayer in each mineral deposit in each separate tract or parcel of land.
Sida 31 - It deserves to be remarked, perhaps, that it is in the progressive state, while the society is advancing to the further acquisition, rather than when it has acquired its full complement of riches, that the condition of the labouring poor, of the great body of the people, seems to be the happiest and the most comfortable.
Sida 360 - ... a reasonable allowance for depletion of ores and all other natural deposits, not to exceed 5 per centum of the gross value at the mine of the output for the year...
Sida 31 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
Sida 31 - I cannot, therefore, regard the stationary state of capital and wealth with the unaffected aversion so generally manifested towards it by political economists of the old school. I am inclined to believe that it would be, on the whole, a very considerable improvement on our present condition.
Sida 738 - By taxing estates heavily at death the state marks its condemnation of the selfish millionaire's unworthy life. It is desirable that nations should go much further in this direction. Indeed, it is difficult to set bounds to the share of a rich man's estate...