Tax reform act of 1975: hearings before the Committee on Finance, United States Senate, Ninety-fourth Congress, second session, on H.R. 10612 ...

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U.S. Government Printing Office, 1976 - 3949 páginas
 

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Página 2464 - To permit the true nature of a transaction to be disguised by mere formalisms, which exist solely to alter tax liabilities, would seriously impair the effective administration of the tax policies of Congress.
Página 2799 - We have no doubt that, because of the fundamental conceptions which underlie our system, any attempt by a state to measure the tax on one person's property or income by reference to the property or income of another is contrary to due process of law as guaranteed by the Fourteenth Amendment. That which is not in fact the taxpayer's income cannot be made such by calling it income.
Página 2463 - As a distributive share to the recipient of partnership income if the amount thereof is determined with regard to the income of the partnership...
Página 2800 - A's property by imputing to it in part the value of the property of B, a result which both the Schlesinger and Hoeper cases condemn as arbitrary and a denial of due process of law. Such an exaction is not taxation but spoliation. "It is not taxation that government should take from one the profits and gains of another. That is taxation which compels one to pay for the support of the government from his own gains and of his own property.
Página 2470 - wage continuation plan" means an accident or health plan, as defined in § 1.105-5, under which wages, or payments in lieu of wages, are paid to an employee for a period during which he is absent from work on account of a personal injury or sickness.
Página 2575 - ... for any taxable year shall be made within the time prescribed by law (including extensions thereof) for filing the return for such taxable year. Such election shall be made in such manner as the Secretary or his delegate may by regulations prescribe.
Página 2535 - New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, West Virginia, Wisconsin, and the District of Columbia, over irregular routes.
Página 2752 - To provide and maintain a Navy ; To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions...
Página 2800 - This is very near to saying that the individual, innocent of evasion, may be stripped of his constitutional rights in order to further a more thorough enforcement of the tax against the guilty, a new and startling doctrine, condemned by its mere statement. and distinctly repudiated by this court in the Schlesinger and Hoeper cases involving similar situations.
Página 2463 - ... income if the amount thereof is determined with regard to the income of the partnership, or (2) As a guaranteed payment described in section 707 (c) if the amount thereof is determined without regard to the income of the partnership. (b) Payments for interest in partnership — (1) General rule. Payments made in liquidation of the interest of a retiring partner or a deceased partner...

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