Income Tax Purposes

Some articles on income tax purposes, income, tax, tax purposes, purposes:

Notional Principal Contract - Tax Consequences
... federal income tax purposes ... In general, amounts paid or received under an NPC are treated as ordinary income (and not capital gain) for U.S ... federal income tax purposes, and are sourced by the residence of the recipient (e.g ...
Tax Protester Constitutional Arguments - Definition of Income - Corporate Profits
... One argument repeatedly made by tax protesters is that the income of individuals is not taxable because income should mean only "corporate profits" or "corporate gain" ... The argument is essentially that "income" for federal income tax purposes means only the income of a corporation — not the income of a non-corporate taxpayer ... Loan was specifically interpreting a 1916 statute imposing income taxes on individuals and estates (among other kinds of entities), and not the 1909 corporate tax statute ...
Theories On Taxation - Optimal Tax
... Main article Optimal tax Most governments take revenue which exceeds that which can be provided by non-distortionary taxes or through taxes which give a double dividend ... for a good, it follows that putting the highest tax rates on the goods for which there is most inelastic supply and demand will result in the least overall deadweight costs ... Some economists sought to integrate optimal tax theory with the social welfare function, which is the economic expression of the idea that equality is valuable to a greater ...
Gift Tax In The United States - U.S. Federal Gift Tax Contrasted With U.S. Federal Income Tax Treatment of Gifts
... gift tax purposes (the transfer tax) should not be confused with the treatment of gifts for other tax purposes ... income tax purposes, most gifts are excluded (under Internal Revenue Code section 102) from the gross income of the recipient, and thus are not taxed as income ... For the purposes of taxable income, courts have defined "gift" as proceeds from a "detached and disinterested generosity." See Commissioner v ...
Varlık Vergisi
... Varlık Vergisi ("Wealth tax" or "Capital tax") was a Turkish tax levied on the wealthy citizens of Turkey in 1942, with the stated aim of raising funds ... The bill for the one-off tax was proposed by the Şükrü Saracoğlu government, and the act was adopted by the Turkish parliament on November 11, 1942 ... Officially, the tax was devised to fill the state treasury that would have been needed had Nazi Germany or the Soviet Union invaded the country ...

Famous quotes containing the words purposes, income and/or tax:

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    Sarah M. Grimke (1792–1873)

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    I come into the peace of wild things
    who do not tax their lives with forethought
    of grief.
    Wendell Berry (b. 1934)