Income TaxNabhi Publication/Jain Book Agency, 1914 - Income tax |
From inside the book
Results 1-5 of 18
Page xi
... Municipal Bonds from Taxation § 5. The Question of Uniformity § 6. Conclusion · PAGE 540 548 555 559 564 571 576 · 583 · 586 · 590 597 604 · 615 · 621 626 • 631 642 · • 658 CONCLUSION A PRACTICABLE PROGRAMME § 1. Is an Income Tax ...
... Municipal Bonds from Taxation § 5. The Question of Uniformity § 6. Conclusion · PAGE 540 548 555 559 564 571 576 · 583 · 586 · 590 597 604 · 615 · 621 626 • 631 642 · • 658 CONCLUSION A PRACTICABLE PROGRAMME § 1. Is an Income Tax ...
Page 596
... municipal bonds , to strike at the very vitals of state credit and state in- dependence.1 Justice Hughes is so excellent a lawyer and so great a statesman that his opinion is not lightly to be controverted . But in our judgment it is ...
... municipal bonds , to strike at the very vitals of state credit and state in- dependence.1 Justice Hughes is so excellent a lawyer and so great a statesman that his opinion is not lightly to be controverted . But in our judgment it is ...
Page 598
... bonds issued by a state , " or under its authority by its public municipal bodies , are means for carrying on the work of government , and are not taxable even by the United States . " And finally , in Pollock vs. Farmers ' Loan and ...
... bonds issued by a state , " or under its authority by its public municipal bodies , are means for carrying on the work of government , and are not taxable even by the United States . " And finally , in Pollock vs. Farmers ' Loan and ...
Page 599
... securities.1 It is accordingly an established rule of constitutional interpreta- tion that state and municipal bonds are not subject to federal taxation . The question which now confronts us is : Will the adop- tion of the proposed ...
... securities.1 It is accordingly an established rule of constitutional interpreta- tion that state and municipal bonds are not subject to federal taxation . The question which now confronts us is : Will the adop- tion of the proposed ...
Page 600
... bonds is not a direct tax . In the Pollock case , 3 on the other hand , it was decided that a tax on the income from real estate is a direct tax , valid only when apportioned , while a tax on municipal bonds was declared to be , like a ...
... bonds is not a direct tax . In the Pollock case , 3 on the other hand , it was decided that a tax on the income from real estate is a direct tax , valid only when apportioned , while a tax on municipal bonds was declared to be , like a ...
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Common terms and phrases
abatements according administrative adopted amendment amount annual argument assessment assessors bill bonds called capital Chambre des Députés classes Commissioners committee constitution corporations court declared deduction derived differentiation direct tax discussion dollars duties economic Einkommensteuer England entirely excise exemption existing expenditure fact faculty tax favor federal Finance fiscal fraud Gladstone graduation House Ibid important imposed Impôt income tax indirect individual inheritance tax Inland Revenue inquisitorial interest internal revenue introduced John Horne Tooke L'Impôt land tax Leipzig levied London ment method millions municipal bonds objection officials one-half paid Parliament personal property Pitt poll tax principle profits Progressive Taxation property tax proportion proposed provision question real estate reform rent repeal returns salaries Schedule scheme securities speech supra system of taxation taxable taxes on product taxpayer Thomas Peregrine Courtenay tion trade Turgot wealth yield
Popular passages
Page 545 - Resolved, therefore, that the rights of suffrage in the National Legislature ought to be proportioned to the quotas of contribution, or to the number of free inhabitants, as the one or the other rule may seem best in different cases.
Page 678 - ... 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 434 - ... or from any profession, trade, employment, or vocation carried on in the United States or elsewhere, or from any other source whatever...
Page 116 - Taxes on everything on earth, and the waters under the earth ; on everything that comes from abroad, or is grown at home. Taxes on the raw material ; taxes on every fresh value that is added to it by the industry of man.
Page 595 - The Congress shall have power to lay and collect taxes on income, from whatever source derived, without apportionment among the several States and without regard to any census or enumeration; provided that in no case shall the maximum rate of tax exceed 25 percent.
Page 116 - TAXES upon every article which enters into the mouth, or covers the back, or is placed under the foot — taxes upon every thing which it is pleasant to see, hear, feel, smell, or taste — taxes upon warmth, light, and locomotion — taxes on every thing on earth, and the waters under the earth...
Page 545 - ... in proportion to the whole number of white and other free citizens, and inhabitants of every age, sex and condition, including those bound to servitude for a term of years, and three fifths of all other persons not comprehended in the foregoing description, except Indians not paying taxes in each state.
Page 546 - Resolved, that each branch ought to possess the right of originating acts; that the national legislature ought to be empowered to enjoy the legislative rights vested in Congress by the Confederation, and moreover to legislate in all cases to which the separate states are incompetent or in which the harmony of the United States may be interrupted by the exercise of individual legislation...
Page 548 - That the right of suffrage in the first branch of the national legislature ought not to be according to the rule established in the Articles of Confederation, but according to some equitable ratio of representation...
Page 582 - The present assault upon capital is but the beginning. It will be but the stepping-stone to others, larger and more sweeping, till our political contests will become a war of the poor against the rich ; a war constantly growing in intensity and bitterness.