Tax Reform, 1969: Hearings, Ninety-first Congress, First Session, on the Subject of Tax Reform, Parts 10-12 |
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Page 3503
... dividends received deduction necessarily reduces the 60 per cent deduction , and the ability of savings banks to retain more than 60 per cent of economic income tax - free is irrelevant and misleading in light of the financial turmoil ...
... dividends received deduction necessarily reduces the 60 per cent deduction , and the ability of savings banks to retain more than 60 per cent of economic income tax - free is irrelevant and misleading in light of the financial turmoil ...
Page 3549
... dividends result when dividends paid exceed accumulated " surplus " for tax purposes as distinguished from corporate surplus . Such divi- dends are not entirely tax exempt in that the taxpayer must reduce the purchase price of the stock ...
... dividends result when dividends paid exceed accumulated " surplus " for tax purposes as distinguished from corporate surplus . Such divi- dends are not entirely tax exempt in that the taxpayer must reduce the purchase price of the stock ...
Page 3905
... dividends and you compare to what you have for tax purposes , which is a much lesser net income figure because of liberalized depreciation and flow - through taxes , the difference between what you have avail- able to pay those dividends ...
... dividends and you compare to what you have for tax purposes , which is a much lesser net income figure because of liberalized depreciation and flow - through taxes , the difference between what you have avail- able to pay those dividends ...
Contents
Richmond Frederick W president Frederick W Richmond Foundation 1036 | 3433 |
HEARINGS | 3435 |
Karp Arnold L president Karp Nestler Co Washington D C 2790 | 3455 |
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accelerated depreciation accelerated tax depreciation accounting additional American amount assets Bell System benefits BYRNES capital gains Chairman Mills chief counsel commercial banks Committee consumers corporations cost customers death taxes deferred tax director dividends dollar earnings economic effect electric enacted estate and gift estate tax expense February 20 Federal income taxes Federal Power Commission Federal tax flow flow-through funds gift tax growth incentive increase industry institutions Internal Revenue Code investors John legislation letter dated April letter dated March liberalized depreciation liberalized tax depreciation March 24 marital deduction ment method million MORRISSEY mortgage mutual savings banks normalization percent present provisions public utilities ratemaking reduced regulated regulatory agencies Representative in Congress reserve result savings and loan SCHNEEBELI Section 167 statement surtax exemptions tax expense tax law tax payments tax purposes tax rate tax savings taxable taxation taxpayers tion transfer tax Treasury ULLMAN vice president