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CHAPTER FAGH I Fundamental Principles
Revising the Taxes
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25 per cent amount borrowing brackets budget capital gains capital losses class of taxpayers Community property Congress Constitutional amendment corporation crease curities debt retirement derived from securities duction earned income effect eral ernment estate taxes estimated excess expenditures Federal Government fiscal give H. J. Res high price level high surtax rates imposed income derived income tax increase industry inheritance tax interest investment investor issues of tax-exempt large incomes levied Liberty Bonds loans loss in revenue means Mellon ment million dollars municipal bonds ness nomic normal tax ordinary receipts paid payers payment Present law Proposed productive business profits prosperity public debt ratification recommendations reduced refunding Repeal result revision Secretary securities issued sible sinking fund sixteenth amendment Supreme Court tax on earned tax rates tax system tax-exempt securities taxa taxable income taxes on income tion Treas Treasury United wealth