Tax Reform Hearings: Statements of Public Witnesses on the Subjects of Income Earned Abroad (U.S. Possession Corporations), Tax Simplication (sick Pay Exclusion, Retirement Income Credit, Military Moving Expenses, Disability Income), and Income Earned Abroad (individuals) |
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Page 28
... Career Compensation Act of 1949 ( PL 81-351 , approved October 12 , 1949 ) . Prior to this Act , officers ( but not enlisted personnel with less than 20 years service ) who were considered to be unfit for continued military service ...
... Career Compensation Act of 1949 ( PL 81-351 , approved October 12 , 1949 ) . Prior to this Act , officers ( but not enlisted personnel with less than 20 years service ) who were considered to be unfit for continued military service ...
Page 29
... Career Compensation Act are applicable to all personnel on active duty . amount of the disability retired pay is determined by the individual's basic pay and on the extent of the disability as rated in accordance with the Veterans ...
... Career Compensation Act are applicable to all personnel on active duty . amount of the disability retired pay is determined by the individual's basic pay and on the extent of the disability as rated in accordance with the Veterans ...
Page 30
... career , the benefits of the military retirement program exert a stabilizing effect on his career commitment . The advent of the All - Volunteer Army inevitably enhances the value to the nation of the Career Compensation Act . Military ...
... career , the benefits of the military retirement program exert a stabilizing effect on his career commitment . The advent of the All - Volunteer Army inevitably enhances the value to the nation of the Career Compensation Act . Military ...
Page 31
... career incentive that is an essential underpinning of the new concept of military service . On the basis of that judgment , we strongly urge the retention of the present language of Paragraph ( 4 ) , section 104 of title 26 , which ...
... career incentive that is an essential underpinning of the new concept of military service . On the basis of that judgment , we strongly urge the retention of the present language of Paragraph ( 4 ) , section 104 of title 26 , which ...
Page 40
... career enlisted personnel and officers with prior enlisted service of the United States Navy , Marine Corps and Coast Guard . It is my privilege to present their views on the subjects of retirement income credit , sick pay exclusion and ...
... career enlisted personnel and officers with prior enlisted service of the United States Navy , Marine Corps and Coast Guard . It is my privilege to present their views on the subjects of retirement income credit , sick pay exclusion and ...
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Common terms and phrases
39 weeks active duty allowance American amount annuity benefits career Chairman Committee Commonwealth of Puerto Congress consolidated return cost of living deduction disability pay disability retired pay domestic corporation Dominican Republic earnings economy election eligible employees employment excluded from gross EXHIBIT federal income tax fiscal Fleet Reserve Association Foreign Service funds gross income Honduras increase inequities inflation injuries or sickness Internal Revenue Code Internal Revenue Service manufacturing miles military disability retired military member military personnel military retired pay military retirees million moving expenses National overseas payments percent disability possessions corporation present law programs Puerto Rico receive reimbursements repeal retiree's retirement age retirement income credit Rico's Section 104 section 936 credit sick pay exclusion tax exemption tax laws Tax Reform title 26 trade or business U.S. Armed Forces U.S. tax Uniformed Services United States Code Veterans Administration voluntary agencies wage withholding tax
Popular passages
Page 28 - Section 223 (d) (1) (2) (3) defines disability as the inability to engage in any substantial gainful activity by reason of any medically determinable 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.
Page 27 - Gross income does not include amounts referred to in subsection (a) if such amounts constitute wages or payments in lieu of wages for a period during which the employee is absent from work on account of personal injuries or sickness; but this subsection shall not apply to the extent that such amounts exceed a weekly rate of $100.
Page 35 - ... amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country or in the Coast and Geodetic Survey or the Public Health Service.
Page 15 - Indies, and which satisfies the following conditions : (1) if 95 percent or more of the gross income of such domestic corporation for the 3-year period immediately preceding the close of the taxable year (or for such part of such period...
Page 15 - ... possession of the United States; and ***** (3) If, in the case of such citizen, 50 per centum or more of his gross income (computed without the benefit of this section) for such period or such part thereof was derived from the active conduct of a trade or business within a possession of the United States either on his own account or as an employee or agent of another.
Page 43 - ... (4) amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country...
Page 32 - To uphold and maintain the Constitution and the laws of the United States, to realize the true American ideals and aims for which those eligible to membership fought; to advance the interests and work for the betterment of all wounded, injured, and disabled American veterans; to cooperate with the United States Veterans...
Page 27 - Injuries or sickness, and amounts received as a pension, annuity, or similar allowance for personal Injuries or sickness resulting from active service In the armed forces of any country; (6) Ministers.
Page 29 - The ratings shall be based, as far as practicable, upon the average impairments of earning capacity resulting from such injuries in civil occupations...
Page 70 - Congress has power to raise and support armies; to provide and maintain a navy; to make rules for the government and regulation of the land and naval forces...