The Impact of the Complexity of the Tax Code on Small Business: What Can be Done about It? : Hearing Before the Subcommittee on Tax, Finance, and Exports of the Committee on Small Business, House of Representatives, One Hundred Sixth Congress, Second Session, Washington, DC, September 7, 2000, Volume 4
United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Finance, and Exports
U.S. Government Printing Office, 2001 - Electronic books - 198 pages
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abatement accounting addition adjusted administrative agreement allow Amend American amount apply areas assessment assets benefits burden capital Chairman Change child claim collection Committee companies complexity compliance complicated compute concerns Congress corporations costs create deductions determine distribution Earned Income economic effect election eligible eliminate employees enacted error estimated example exemptions expenses federal tax filed Form gains House impact income tax increase individual installment interest Internal Revenue Internal Revenue Code investment issue liability limit MANZULLO method million National Taxpayer Office owners paid payments penalty percent period phase-out prior problem proposals Proposed Change provisions qualified Reason for Change received reduce reform refund regulations repeal result rules safe harbor Security Service significant simplification small businesses statute tax code Tax Credit tax law tax system taxable taxation
Page 128 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 129 - It will be of little avail to the people that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man who knows what the law is to-day can guess what it will be to-morrow.
Page 125 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have...
Page 67 - Returns (except in the case of nonresident aliens) shall be made on or before the fifteenth day of the third month following the close of the fiscal year, or, if the return is made on the basis of the calendar year, then the return shall be made on or before the 15th day of March.
Page 125 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Page 25 - INTRODUCTION OF ASSOCIATES Senator BIBLE. We will next proceed to the hearings on the Office of the Secretary. Mr. Dunn, I am very happy to recognize you. Will you introduce for the record those who have a responsibility to testify on this budget? Mr. DUNN. Thank you, Mr. Chairman. It is my pleasure to be here. I should like to introduce on my extreme left, Dr. Leslie Glasgow, Assistant Secretary for Fish and Wildlife, Parks, and Marine Resources; from the Fiscal Office, Mr. Carl Guidice; on my immediate...
Page 151 - There is no question that the defendant intentionally maintained his storehouse and managed his business in the way described. It may be assumed that' he intended not to break the law but only to get as near to the line as he could, which he had a right to do, but if the conduct described crossed the line, the fact that he desired to keep within it will not help him. It means only that he misconceived the law.
Page 170 - ... (2) Trade and business deductions of employees — (A) Reimbursed expenses. The deductions allowed by part VI (sec. 161 and following) which consist of expenses paid or Incurred by the taxpayer, In connection with the performance by him of services as an employee, under a reimbursement or other expense allowance arrangement with his employer.
Page 186 - ... taxpayer is required to file a return shall be filed by the taxpayer within 3 years from the time the return was filed or 2 years from the time the tax was paid...
Page 51 - The second issue to be debated is fiscal federalism or the role of state and local governments Since state and local income taxes usually employ the same tax bases as the corresponding federal taxes, it is reasonable to assume that substitution of consumption for income taxes at the federal level would be followed by similar substitutions at the state and local level.