Revenue Bill: Hearings Before the Committee on Ways and Means, House of Representatives, with Reference to the New Revenue Bill, Volumes 1-9 |
Common terms and phrases
50 cents 80 per cent advertising American amount automobiles average bank basis bequests bonds capital invested cars CHAIRMAN CLAUDE KITCHIN committee companies Congress consumption tax corporation cost course deduction dividend dollars DORIAN DUNHAM earnings EDER excess excess-profits tax exemption FAIRCHILD Finance GADSDEN GARNER gentlemen going golf Government GREEN HAMPTON MOORE HAWLEY HOLMES income tax increase industry JENNINGS levy liberty bonds LONGWORTH luxuries manufacturers MARSH MARVIN matter mean ment Mill sold million Mining MOHUN MOORE net income O'SHAUNESSY operating paid PALMER percentage prewar production Prof profits tax proposition purpose question RAINEY raise reason REEVES REID represent SAMS SCHWARZMANN sell SHORTHILL SLOAN SPALDING SPRAGUE statement STERLING stockholders suggest taxation thing THOMAS tion to-day TREADWAY Treasury United War Finance Corporation war profits Webb City wool WRIZLEY
Popular passages
Page 428 - ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...
Page 350 - ... organized and operated exclusively for the mutual benefit of their members, nor to any corporation or association organized and operated exclusively for religious, charitable, scientific, or educational purposes, no part of the net income of which inures to the benefit of any private stockholder or individual...
Page 529 - Farmers', fruit growers', or like associations organized and operated on a cooperative basis (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses...
Page 357 - ... institutions of purely public charity, and institutions of education not used or employed for gain by any person or corporation, and the income of which is devoted solely to the cause of education...
Page 357 - ... moral or mental improvement of men or women or for scientific, literary, library, patriotic, cemetery or historical purposes or for the enforcement of laws relating to children or animals or for two or more of such purposes and used exclusively for carrying out one or more of such purposes.
Page 230 - ... property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatever.
Page 358 - But any property heretofore or hereafter devised or bequeathed to any person who is a bishop or to any religious corporation including corporations organized exclusively for bible or tract purposes shall be exempted from and not subject to the provisions of this act.
Page 428 - That for the purpose of ascertaining the gain derived or loss sustained from the sale or other disposition...
Page 358 - But no such corporation or association shall be entitled to any such exemption if any officer, member or employee thereof shall receive or may be lawfully entitled to receive any pecuniary profit from the operations thereof, except reasonable compensation for services in effecting one or more of such purposes...
Page 24 - ... a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine of the product thereof which has been mined and sold during the year for which the return and...