Taxation in the District of Columbia: Hearings Before the Subcommittee on Fiscal Affairs of the Committee on the District of Columbia, House of Representatives, Seventy-sixth Congress, First Session, March 7,9,15,21, and 28, 1939

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Page 32 - ... (a) For each year ending June 30, beginning with the year ending June 30, 1936, there is hereby imposed upon every domestic corporation with respect to carrying on or doing business for any part of such year an excise tax of $1 for each $1,000 of the adjusted declared value of its capital stock.
Page 82 - I am simply trying to point out that it is very hard for us to know to what we should give credence or withhold it. Mr. WOOD. Mr. Katz appeared before you as secretary of the Washington Industrial Union Council of the Congress of Industrial Organizations. Mr. NICHOLS. If there is nothing further this morning, the subcommittee will adjourn, to meet at 10 am next Tuesday. (Thereupon, at 12:30 pm Wednesday, March 15, 1939, the subcommittee adjourned, to meet at 10 am Tuesday, March 21, 1939. > TAXATION...
Page 42 - Statistics' figures show that three-quarters of the total family expenditures in the lowest income groups goes for food and housing combined. On the basis of these figures, it has been estimated that a $1,000 income would pay less than $5 in retail sales taxes, spread over an entire year. People with earned income over $14,000 or investment income over $500 will pay both the sales tax and the personal income tax, the combination resulting in effective progressive taxation. 6 The combined personal...
Page 3 - Congress for 1940 carries general-fund appropriation charges amounting to $40,079,900. To this must be added items carried in other appropriation bills (chargeable to the general fund) amounting to $1,300,000, and the estimated revenue deficit at the close of the fiscal year 1939, amounting to $198,030.
Page 24 - January 1 7 that recent Bureau of Labor statistics figures show that three-quarters of the total family expenditures in the lowest income groups goes for food and housing combined. On the basis of these figures it has been estimated that a $1,000 income would pay less than $5 in retail sales taxes spread over an entire year. People with earned income over $14,000 or investment income over $500 will pay both the sales tax and the personal income tax, the combination resulting in effective progressive...
Page 72 - Committee for Fair Taxation. I should like to say that I do not hold myself to be a tax expert. We should like to state at the outset, Mr. Chairman, that we have no intention of rehashing in detail all the arguments that have been offered against the sales tax by this citizens' committee during the past three sessions of Congress. Aside from the fact that this subcommittee is familiar with most of the arguments for and against it, the sales tax is wholly unnecessary from the standpoint of revenue...
Page 18 - Columbia as to the fact and the law in those cases in which there is no absolute right of appeal, and the solution of the matter is left to the discretion and judgment of the Commissioners.
Page 83 - ... least approximately, before it can be determined how much revenue must be raised through taxing the District residents and their property. Therefore, the Federation of Citizens' Associations believes that, before any special types of additional taxes are considered, consideration should be given to the amount of the Federal payment toward the expenses of the District. In the opinion of the Federation, the present payment of $5,000,000 a year does not truly represent the real obligation of the...
Page 72 - ... of our city with an unjust tax just to reach the 12 percent of tourist trade. The effect of a transition from the so-called business-privilege tax to a retail-sales tax, as proposed in the committee print, should be . noted. The recent report on the District tax study contains a table, at page f>0, which shows the estimated sources of the gross-receipts tax by types of business. Estimated sources of District of Columbia business privilege tax on gross receipts by types of business Percent of...

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