Committee PrintsU.S. Government Printing Office, 1969 |
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Page 61
... mortgage , real estate taxes , and accelerated depreciation will the building generate so that the resulting " tax losses " ( deductions in excess of rental income ) can offset dividend income , professional fees , salaries , etc. , and ...
... mortgage , real estate taxes , and accelerated depreciation will the building generate so that the resulting " tax losses " ( deductions in excess of rental income ) can offset dividend income , professional fees , salaries , etc. , and ...
Page 70
... mortgage . Studies of the tax returns of high - income individuals under- score the importance that the interest deduction plays in permit- ting these individuals to achieve low or non - existent tax liabilities . Long ago it was ...
... mortgage . Studies of the tax returns of high - income individuals under- score the importance that the interest deduction plays in permit- ting these individuals to achieve low or non - existent tax liabilities . Long ago it was ...
Page 75
... mortgage reinsurance companies ( Code Section 832 ( e ) ) . The present law here allows the deduction of a larger reserve than experience would dictate but requires that the tax benefit of that deduction be invested in special Federal ...
... mortgage reinsurance companies ( Code Section 832 ( e ) ) . The present law here allows the deduction of a larger reserve than experience would dictate but requires that the tax benefit of that deduction be invested in special Federal ...
Page 93
... mortgage interest paid on rental property held as an investment . Such inter- est and taxes , though incurred in connection with the maintenance of property held for the production of income ( and not constituting purely personal ...
... mortgage interest paid on rental property held as an investment . Such inter- est and taxes , though incurred in connection with the maintenance of property held for the production of income ( and not constituting purely personal ...
Page 141
... mortgages taken as security for loans made by the University for faculty housing . In the opinion of bond counsel , the interest on these bonds would be exempt from Federal taxation under present laws . The arbitrage bond provisions of ...
... mortgages taken as security for loans made by the University for faculty housing . In the opinion of bond counsel , the interest on these bonds would be exempt from Federal taxation under present laws . The arbitrage bond provisions of ...
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Common terms and phrases
accelerated depreciation adjusted gross income after-tax allocation of deductions amount apply appreciated securities arbitrage assets buildings capital gains cash changes charitable contributions charitable deductions computed Congress construction corporate costs disallowed dollars economic equilibrium economic growth eliminate equity excess farm Federal income tax funds gifts House Bill increase individual industry inflation interest rates Internal Revenue Code Internal Revenue Service investor issue itemized deductions legislation limit on tax loan million modified by administration's mortgage municipal bonds needed ordinary income percentage personal deductions problems programs projects provisions real estate real estate investment recapture reduce rental housing residential result Section 277 Fraction Section 302 Senate Finance Committee September 25 shopping center standard deduction subsidy symphony orchestras tax benefits Tax Cut tax exempt tax incentives tax preference income tax rates tax returns tax treatment taxable income taxation TAXPAYER MODEL tion total tax Treasury proposal urban
Popular passages
Page 280 - realization as soon as feasible of the goal of a decent home and a suitable living environment for every American family". The Congress reaffirms this national housing goal and determines that it can be substantially achieved within the next decade by the construction or rehabilitation of twenty-six million housing units, six million of these for low and moderate income families.
Page 53 - That in the case of mines, oil and gas wells, discovered by the taxpayer, on or after March 1, 1913, and not acquired as the result of purchase of a proven tract or lease, where the fair market value of the property is materially disproportionate to the cost...
Page 338 - ... (3) Certain tax-free transactions. If the basis of property in the hands of a transferee Is determined by reference to its basis in the hands of the transferor by reason of the application of section 332...
Page 271 - ... the importance and the impact the proposed legislation affecting the administration of public lands may have on the Western States, we feel that additional information should be developed and field hearings held in the Western States. Again, I wish to thank the chairman and members of this committee for the privilege of appearing before you today on behalf of the Nevada Wool Growers Association.
Page 128 - Mr. Chairman, I wish to thank you and the members of this committee for...
Page 325 - ... small investors can secure advantages normally available only to those with larger resources. These advantages include the spreading of the risk of loss by the greater diversification of investment which can be secured through the pooling arrangements; the opportunity to secure the benefits of expert investment counsel ; and the means of collectively financing projects which the investors could not undertake singly.
Page 101 - One may not be subjected to greater burdens upon his taxable property solely because he owns some that is free. No device or form of words can deprive him of the exemption for which he has lawfully contracted.
Page 366 - Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of the act, so administered as to recognize and preserve the inherent advantages of each...
Page 211 - We are relieved, as we ought to be, from clashing sovereignty; from interfering powers; from a repugnancy between a right in one government to pull down what there is an acknowledged right in another to build up; from the incompatibility of 3 right in one government to destroy what there is a right in another to preserve.
Page 90 - These loans are made for the purpose of financing the improvement, expansion, construction, acquisition, and operation of telephone lines, facilities, or systems to furnish or improve telephone service in rural areas.