A Treatise on the Law of Income Taxation Under Federal and State LawsBlack, Henry Campbell. A Treatise on the Law of Income Taxation under Federal and State Laws. Kansas City: Vernon Law Book Co., 1913. xlii, 403 pp. Reprinted 2002 by The Lawbook Exchange, Ltd. ISBN 1-58477-237-9. Cloth. $85. * In 1913, the Sixteenth Amendment, which authorized income taxation, was ratified by the required three-fourths majority of states. Black [1860-1927] published this work soon after this historic event in order to define the nature of taxable income, explain the history of income taxation and defend the government's right to impose it. He is guided throughout by a Progressive-Era belief in the federal government as an agent of social reform. Black is also the author of the well-known Law Dictionary. |
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accrued act of Congress aforesaid allowed annual apply assessed assessor authority bank bonds capital stock cent centum certificates collected Commissioner of Internal company or association Congress of 1913 constitutional constructive trusts corporation tax coupons deduction depreciation deputy collector district dividends duty earnings excise tax exemption false or fraudulent federal income tax gains gross held income derived income tax law indebtedness individual inheritance tax insurance companies interest Internal Revenue invested joint stock company Lawbook Exchange levied liable list or return ment net income normal tax officers organized pany payable payment penalty person or corporation poration premium prescribed profits purpose receipts render rents rule salaries Scotch Law Rep Section South Carolina Stat statute stockholders Tax Cas tax commission taxable income taxation taxpayer territory of Hawaii thereof thousand dollars tion Treasury Decisions trust United Wisconsin withhold
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Page xxxii - The proceeds of life insurance policies paid to individual beneficiaries upon the death of the insured; 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: the value of property acquired by gift, bequest, devise, or descent (but the income from such property shall be included as income...