The Internal Revenue Code of 1954: Hearings Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H.R. 8300, an Act to Revise the Internal Revenue Laws of the United States, Parts 1-2 |
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Page 1
... SENATE , COMMITTEE ON FINANCE , Washington , D. C. The committee met , pursuant to call , in room 312 , Senate Office Building , at 10:30 a . m . , Senator Eugene D. Millikin ( chairman ) presiding . Present : Senators Millikin , Butler ...
... SENATE , COMMITTEE ON FINANCE , Washington , D. C. The committee met , pursuant to call , in room 312 , Senate Office Building , at 10:30 a . m . , Senator Eugene D. Millikin ( chairman ) presiding . Present : Senators Millikin , Butler ...
Page 91
... Senator MARTIN . Do you have any information as to how many stockholders of ... LONG . Have you seen that study , Secretary Humphrey , that points out that ... Senator LONG . What I saw said that six - tenths percent of all fam- ilies ...
... Senator MARTIN . Do you have any information as to how many stockholders of ... LONG . Have you seen that study , Secretary Humphrey , that points out that ... Senator LONG . What I saw said that six - tenths percent of all fam- ilies ...
Page 92
... Senator LONG . Your figure is not meeting the point I am getting to . The point I am getting to is that you are counting little tidbits of stock here and there to say how many families own stock . If you look at where the stock is ...
... Senator LONG . Your figure is not meeting the point I am getting to . The point I am getting to is that you are counting little tidbits of stock here and there to say how many families own stock . If you look at where the stock is ...
Page 93
... Senator Long which are based on the value of family stockholdings . The same studies also contain estimates of stock ownership based on family income which show less concentration than the figures used by Senator Long and and are more ...
... Senator Long which are based on the value of family stockholdings . The same studies also contain estimates of stock ownership based on family income which show less concentration than the figures used by Senator Long and and are more ...
Page 94
... Senator LONG . Isn't it all going to the same people , though ? Secretary HUMPHREY . No , Senator , this goes to every single tax- payer in America . They all get something . There is not one who doesn't get something . Senator LONG ...
... Senator LONG . Isn't it all going to the same people , though ? Secretary HUMPHREY . No , Senator , this goes to every single tax- payer in America . They all get something . There is not one who doesn't get something . Senator LONG ...
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Common terms and phrases
adjusted allowed amended amount annuity apply assets basis beneficiary benefits capital gains CHAIRMAN contract contributed property corporation cost decedent deduction denatured alcohol depreciation distribution dividend tax dividends received double taxation effect election eliminate estate tax excess exchange exclusion existing law expenses Federal filing FOLSOM gain or loss gift tax Government gross income H.R. Sec imposed income tax income-tax individual insurance companies interest Internal Revenue Code Internal Revenue Service limited liquidation ment million nonparticipating stock operating option ordinary income paid participating stock partner partnership payments pension percent period permit preferred stock present law proposed purchase purposes qualify recommended redemption respect result retirement revision rule Secretary HUMPHREY section 359 section 923 securities Senator LONG share shareholders stockholders subchapter tax avoidance tax exempt tax-free taxable income taxpayer timber tion transaction treatment trust United United States dollars