Hearings, Reports and Prints of the House Committee on Ways and MeansU.S. Government Printing Office, 1973 |
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actuarial additional adjusted gross adjusted gross income administration American Law Institute amount assets average beneficiary bond market capital gains tax carry-over basis Committee contributions corporations death taxes decedent decedent's deferred compensation earned income effect employees equity estate and gift estate tax exemption expenditures financing funding generation-skipping gift tax imposed income tax increase individual inflation interest rates Internal Revenue Service investment investors issue Labor liability limit lock-in loss marital deduction maturity ment million municipal bonds ordinary income paid participants payment percent percentage period persons plan termination portability present law problem proposal qualified plans reduced result retirement rules saving Social Security spouse standard subsidy substantial tax law tax rate tax reform tax system tax-exempt bonds taxable bond option taxable municipal taxation taxpayers tion transfer tax Treasury trust unfunded unrealized appreciation vested benefits Williams-Javits Bill YIELD CURVES
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Stran ii - For this purpose, permanently and totally disabled means unable to engage in any substantial gainful activity by reason of any medically determinate physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.
Stran 231 - Committee of the Section of Real Property, Probate and Trust Law of the American Bar Association WILLIAM P.
Stran 59 - ... with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an emterprise of a like character and with like aims...
Stran 142 - The present installment payment provision is limited to "an interest in a closely held business", which must represent at least 20% of the value of the business or the business must have ten or fewer partners or shareholders, and the interest must represent more than 35% of the gross estate or 50% of the taxable estate. Moreover, the election must be made when the return is filled, not when the values and tax payable have been finally determined.
Stran 271 - The amount of all bequests, legacies, devises, or transfers (including the Interest which falls Into any such bequest, legacy, devise, or transfer as a result of an Irrevocable disclaimer of a bequest, legacy, devise, transfer, or power, if the disclaimer Is made before the date prescribed for the filing of the estate tax return...
Stran 82 - ... 1. Employees who wish to save independently for their retirement or to supplement employer-financed pensions should be allowed to deduct on their income tax returns amounts set aside for these purposes.
Stran 86 - October 4. 1972, prepared by the Staffs of the Treasury Department and the Joint Committee on Internal Revenue Taxation. The document is entitled "Estimates of Federal Tax Expenditures.
Stran 37 - Individual Income Tax Erosion by Income Classes," in The Economics of Federal Subsidy Programs, A Compendium of Papers submitted to the Joint Economic Committee, Part 1, General Study Papers, 92 Cong., 2 sess., 1972, pp.
Stran 92 - Rut when rewards or subsidies are in the form of tax incentives, the latter control is eliminated and tax escapes are produced. Every tax incentive — every tax subsidy — thus means the open charting of a new tax escape path, a path whose instructions read that the wealthier the person who takes it. the larger are the rewards. Direct programs of Government assistance are not built that way and have no such instructions. This, parenthetically, is the answer to the synical who say that Ingenious...
Stran 2 - I, therefore, recommend that, with respect to stock options granted after this date, the spread between the option price and the value of the stock at the date the option is exercised be taxed at ordinary income tax rates at the time the option is exercised.