Increasing Productivity and Administrability of the Tax Code: Hearing Before the Subcommittee on Oversight of the Internal Revenue Service of the Committee on Finance, United States Senate, Ninety-eighth Congress, Second Session, September 17, 1984U.S. Government Printing Office, 1984 - 209 páginas |
Otras ediciones - Ver todas
Términos y frases comunes
American amount articles of consumption benefits bill billion Bradley-Gephardt capital formation capital gains cash cashless society changes COHEN Committee complexity compliance Congress Constitutional Convention consumption taxes corporate cost debt deductions deficit depreciation direct tax economic growth effect EFTS networks EFTS tax electronic fund transfer eliminate entrepreneurial small business equity ERTA excise exemptions existing expenditures fair finance firms fiscal flat rate flat tax gift taxes going gross income tax important incentives income tax system increase individual inflation Internal Revenue Service investment Kendrick labor legislation National Academy national sales tax NIT system percent political problems productivity growth profit progressive proposals raise Rate Tax recovery reduce saving Senator GRASSLEY September 17 spending supra note tax base tax burden tax code tax credits tax liabilities Tax Notes tax policy tax reform tax shelters taxation taxpayers tion underground economy United value-added tax
Pasajes populares
Página 184 - It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit ; which cannot be exceeded without defeating the end proposed — that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, " in political arithmetic, two and two do not always make four.
Página 168 - ... income," as the term is there used; and to apply the distinction, as cases arise, according to truth and substance, without regard to form. Congress cannot by any definition it may adopt conclude the matter, since it cannot by legislation alter the Constitution, from which alone it derives its power to legislate, and within whose limitations alone that power can be lawfully exercised. The fundamental relation of "capital...
Página 181 - States shall think best ; and, in such case, if any State shall neglect or refuse to pay its proportion, pursuant to such requisition, then Congress may assess and levy such State's proportion, together with interest thereon, at the rate of six per cent, per annum, from the time of payment prescribed in such requisition.
Página 165 - Article 1, Section 2, Clause 3, and Article 1, Section 9, Clause 4 of the Constitution...
Página 161 - May last wholly the property of a citizen or citizens of the United States, and so continuing until the time of importation, as follows: On bohea tea, per pound, eight cents.
Página 41 - The taxing power of Government must be used to provide revenues for legitimate Government purposes. It must not be used to regulate the economy or bring about social change.
Página 181 - That Congress do not lay direct taxes but when the moneys arising from the impost and excise are insufficient for the public exigencies, nor then until Congress shall have first made a requisition upon the States to assess, levy, and pay, their respective proportions of such requisition, agreeably to the census fixed in the said Constitution, in such way and manner as the Legislatures of the States shall think best...
Página 159 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Página 52 - to tax and to please, any more than to love and be wise, is not given to man ;' and to prefer and yet please, is a difficult task for an editor.
Página 158 - ... and happy it is for us that such a system is within our power; for I apprehend that both these objects may be obtained from an impost on articles imported into the United States.