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OHAPTMB Pin I Fundamental Principles
Revising the Taxes
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25 per cent amount basis of taxation borrowing brackets budget capital gains capital losses class of taxpayers community property Congress Constitutional amendment crease curities debt retirement derived from securities duction earned income effect eral ernment estate taxes estimated excess expenditures Federal Government fiscal give 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 loss in revenue maturing maximum surtax means Mellon ment million dollars municipal bonds ness nomic normal tax operation paid payers payment Present law Proposed productive business profits prosperity public debt ratification recommendations reduced refunding Repeal result revision 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