The Journal of political economy, Volume 33

Front Cover
University of Chicago Press, 1925
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 149 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such 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...
Page 408 - Act, in so far as deemed by it available, and shall give due consideration to all the elements of value recognized by the law of the land for ratemaking purposes, and shall give to the property investment account of the carriers only that consideration which under such law it is entitled to in establishing values for rate-making purposes.
Page 149 - ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...
Page 154 - The rental value of a dwelling house and appurtenances thereof furnished to a minister of the gospel as part of his compensation; (7) Income exempt under treaty.
Page 160 - Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp.
Page 423 - Commission in furtherance of the public interest in railway transportation either by making loans to carriers to meet expenditures for capital account or to refund maturing securities originally issued for capital account, or by purchasing transportation equipment and facilities and leasing the same to carriers, as hereinafter provided.
Page 160 - Here we have the essential matter: not a gain accruing to capital ; not a growth or increment of value in the Investment ; but a gain, a profit, something of exchangeable value, proceeding from the property, ģevered from the capital, however Invested or employed, and coming in, being "derived...
Page 629 - But as neither of them is possible, we fall back on the measurement which economics supplies, of the motive or moving force to action: and we make it serve, with all its faults, both for the desires which prompt activities and for the satisfactions that result from them.
Page 466 - A First Prize of Three Hundred Dollars, and A Second Prize of Two Hundred Dollars are offered to contestants in Class B.
Page 22 - Where the local education authority resolve that any of the children attending an elementary school within their area are unable by reason of lack of food to take full advantage of the education provided for them...

Bibliographic information