The Bulletin of the National Tax Association, Volumes 9-10 |
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Page 11
... bill Congress would take the responsibility ment , the rates would be too high for of imposing taxes upon the people to meet future years , because the business of 1922 it , and not borrow money or issue bonds in was not normal .
... bill Congress would take the responsibility ment , the rates would be too high for of imposing taxes upon the people to meet future years , because the business of 1922 it , and not borrow money or issue bonds in was not normal .
Page 13
... to the fact that there is an obligation on the part of the Government to the bond subscribers , and that in ... than par and accrued interest of any bonds of the United States issued under authority of this act ; and is such bonds ...
... to the fact that there is an obligation on the part of the Government to the bond subscribers , and that in ... than par and accrued interest of any bonds of the United States issued under authority of this act ; and is such bonds ...
Page 21
... duration the capitalization of net W. 322 . income derived from it at the going rate of interest , in the absence of a more certain INSURANCE COMPANIES RESERVESmethod , furnished a reasonable measure of UNITED STATES BONDS .
... duration the capitalization of net W. 322 . income derived from it at the going rate of interest , in the absence of a more certain INSURANCE COMPANIES RESERVESmethod , furnished a reasonable measure of UNITED STATES BONDS .
Page 22
as other property is valued for assessment ” meant that the personal property of an insurance company should be valued as the property of other persons and that the United States bonds were exempt , whether in or out of the reserve ...
as other property is valued for assessment ” meant that the personal property of an insurance company should be valued as the property of other persons and that the United States bonds were exempt , whether in or out of the reserve ...
Page 30
She also would get no deduction at all on account made a gift of some bonds to a person by of foreign debts and expenses . As to the delivering the same to another as agent . other two questions , the court held respec- She also ...
She also would get no deduction at all on account made a gift of some bonds to a person by of foreign debts and expenses . As to the delivering the same to another as agent . other two questions , the court held respec- She also ...
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action administration amendment amount annual appeal applied assessment assessors Association authority bank basis bill bonds brought burden capital cent City claimed collection commerce Commissioner conference considered constitution corporation cost court held death decedent decision deduction determining district duty effect entire equal excess exempt existing fact federal foreign fund ground holding imposed included income tax increase inheritance tax interest issue land legislation legislature less levied license limited matter means measure ment method Michigan municipality operation owner paid passed payment practice present question railroad real estate reason received respect result revenue roads rule securities shares statute Tax Commission tax law taxable taxation taxpayer tion transfer trust United valuation York
Popular passages
Page 147 - The General Assembly shall provide by law for a uniform and equal rate of assessment and taxation ; and shall prescribe such regulations as shall secure a just valuation for taxation of all property, both real and personal, excepting such only for municipal, educational, literary, scientific, religious or charitable purposes, as may be specially exempted by law.
Page 50 - The times and places of the meetings of the Board and of its divisions shall be prescribed by the chairman with a view to securing reasonable opportunity to taxpayers to appear before the Board or any of its divisions, with as little inconvenience and expense to taxpayers as is practicable.
Page 41 - State coming into competition with the business of National banks: Provided, That bonds, notes, or other evidences of indebtedness in the hands of individual citizens not employed or engaged in the banking or investment business and representing merely personal investments not made in competition with such business, shall not be deemed moneyed capital within the meaning of this section.
Page 14 - Let us develop the resources of our land, call forth its powers, build up its institutions, promote all its great interests, and see whether we also, in our day and generation, may not perform something worthy to be remembered.
Page 153 - ... the rate shall not be higher than the rate assessed upon other financial corporations nor higher than the highest of the rates assessed by the taxing State upon mercantile, manufacturing, and business corporations doing business within its limits...
Page 226 - ... (b) To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 52 - The tax shall be such part of the tax computed on such annual basis as the number of months in such period is of twelve months.
Page 240 - ... net income" means the net income as defined in section 21, increased by the sum of the amount of the dividend deduction allowed under section 23 (p) and the amount of the interest on obligations of the United States issued after September 1, 1917, which would be subject to tax in whole or in part in the hands of an individual owner.
Page 239 - ... for the purpose of preventing the imposition of such tax through the medium of permitting such gains and profits to accumulate instead of being divided or distributed...
Page 140 - That the power to tax involves the power to destroy ; that the power to destroy may defeat and render useless the power to create ; that there is a plain repugnance in conferring on one government a power to control the constitutional measures of another, which other, with respect to those very measures, is declared to be supreme over that which exerts the control, are propositions not to be denied.
Bibliographic information
| Title | The Bulletin of the National Tax Association, Volumes 9-10 |
| Author | National Tax Association |
| Publisher | The Association, 1924 |
| Original from | the University of Michigan |
| Digitized | 30 Mar 2006 |
| Export Citation | BiBTeX EndNote RefMan |