The Income Tax
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (North, Frank A.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Income Tax: Under United States and Massachusetts Law Aug. 5, 1909. The Congress enacted the Corporation Excise Tax Law which levied a tax of one per cent. on corporate net income for each calendar year, allowing an exemption of five thousand dollars. Feb. 25, 1913. The Sixteenth Amendment to the Constitution of the United States was ratified by the States authorizing The Congress to levy taxes on the annual incomes of individuals. Oct. 3, 1913. The Congress enacted the Federal Income Tax Law levying a tax of one per cent. on annual net income of individuals and corporations with a sur-tax applicable to individual incomes in excess of twenty thousand dollars and omitting the five thousand dollar exemption allowed corporations. Jan. 24, 1916. The Supreme Court of the United States declared the Federal Income Tax Law of 1913 to be constitutional. Sept.8, 1916. The Congress enacted the present Revised Federal Income Tax Law, increasing the normal tax of individuals to two per cent. with a graduated sur-tax on incomes in excess of twenty thousand dollars and increasing the corporation tax to two per cent. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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