TaxationAppleton, 1927 - 257 pages |
From inside the book
Results 1-5 of 41
Page 2
... gross premium income with no regard whatsoever to profit or loss . Without doubt this is a discriminatory tax ... estate , and inheritance taxes , and then when the most needed of all charities begins at home , we penalize the process by ...
... gross premium income with no regard whatsoever to profit or loss . Without doubt this is a discriminatory tax ... estate , and inheritance taxes , and then when the most needed of all charities begins at home , we penalize the process by ...
Page 27
... estate tax , state inheritance taxes , and state income taxes . However , not all of these taxes will be levied in ... gross income . Gross and net income are defined at great length , and the problem which confronts us is one of ...
... estate tax , state inheritance taxes , and state income taxes . However , not all of these taxes will be levied in ... gross income . Gross and net income are defined at great length , and the problem which confronts us is one of ...
Page 33
... estate tax the levy is on the net estate . This means that the definitions of gross and net estates must be interpreted with reference to insurance . The act provides that the value of the de- cedent's gross estate shall be determined ...
... estate tax the levy is on the net estate . This means that the definitions of gross and net estates must be interpreted with reference to insurance . The act provides that the value of the de- cedent's gross estate shall be determined ...
Page 34
... estate , must be reported as part of the gross estate . If the decedent has paid a portion of the premium di- rectly or indirectly the amount of the proceeds to be reported in the gross estate is the same proportion of the total as the ...
... estate , must be reported as part of the gross estate . If the decedent has paid a portion of the premium di- rectly or indirectly the amount of the proceeds to be reported in the gross estate is the same proportion of the total as the ...
Page 35
Harry James Loman. estate the Federal estate tax is not applicable . Like- wise if the decedent has been insured ... gross estate , no matter how small the policy . The test applied is whether the sum is receivable by the executor in his ...
Harry James Loman. estate the Federal estate tax is not applicable . Like- wise if the decedent has been insured ... gross estate , no matter how small the policy . The test applied is whether the sum is receivable by the executor in his ...
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Common terms and phrases
allowed each beneficiary amount in excess amounts received annual apply cash cent per annum chapter charitable classes of beneficiaries contemplation of death cost death duties decedent's deductible exemption Discount and Interest dividends donor effect in possession Endowment Policies entirely exempt estate tax law exceed exceeding executor February 28 Federal estate tax Federal income tax ficiaries gift grantor gross estate gross income gross taxable estate husband Illinois included income tax law inheritance tax law installments insurance companies Insurance payable insurance policies insurance proceeds interest therein intestate laws levied lineal descendant ment net estate Nonresident Decedents North Dakota payments Pennsylvania personal property policies paid policyholders premiums paid present value present worth Property Subject providing Rates of Tax real estate real property reported residuary estate specifically named beneficiary subject to tax surance tangible tax is imposed tax purposes taxable income taxation theory tion trust worth of $1
Popular passages
Page 125 - The amount of all bequests, legacies, devises, or transfers, to or for the use of the United States, any State, Territory, any political subdivision thereof, or the District of Columbia, for exclusively public purposes, or to or for the use of any corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 34 - To the extent of the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries as insurance under policies taken out by the decedent upon his own life.
Page 111 - States by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific; literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 205 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...
Page 237 - ... (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 237 - When the transfer is of property made by a resident or by a nonresident when such nonresident's property is within this state, by deed, grant, bargain, sale or gift made in contemplation of the death of the grantor, vendor or donor, or intended to take effect in possession or enjoyment at or after such death.
Page 237 - Whenever property is held in the jomt name« of two or more persons, or as tenante by the entirety, or is deposited in banks or other institutions or depositaries in the joint names of two or more persons and payable to either or the survivor, upon the death of one of such persons the right of the surviving...
Page 179 - ... father, mother, husband, wife, child, brother, sister, wife or widow of a son or the husband of a daughter...
Page 243 - State, or by deed, grant, sale or gift made or intended to take effect in possession or enjoyment after the death of the grantor...
Page 109 - ... for religious, charitable, scientific, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to the special fund for vocational rehabilitation...