War Tax: A Complete Analysis and Explanation of Normal Taxes and Special War Taxes Now Imposed by the Federal Government ...

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Ten Bosch Company, 1917 - 32 pages
 

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Page 9 - Fraternal beneficiary societies, orders, or associations, (a) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 9 - Corporation or association organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title; or Thirteenth.
Page 10 - ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...
Page 18 - In the case of a corporation or partnership: (1) Actual cash paid in, (2) the actual cash value of tangible property paid in other than cash, for stock or shares in such corporation...
Page 5 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...
Page 5 - ... a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine of the product thereof which has been mined and sold during the year for which the return and computation...
Page 9 - Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare...
Page 6 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate; (3) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made...
Page 24 - States shall be determined by deducting from the value of that part of his gross estate which at the time of his death is situated in the United States — (1) Expenses, losses, indebtedness, and taxes.
Page 9 - Benevolent life insurance associations of a purely local character, farmers' or other mutual hail, cyclone, casualty, or fire insurance companies, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses; (11) Farmers...

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