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Topic: Revenue Act of 1913


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In the News (Tue 7 Oct 08)

  
 [No title]
Revenue Act of 1916 The Revenue Act of 1916 was primarily concerned with raising revenue through a general increase in the marginal tax rates applicable to individuals.
Revenue Act of 1918 The Revenue Act of 1918 was one of the largest tax increases in American history.
Revenue Act of 1924 The Revenue Act of 1924 corrected the imbalance in the tax treatment of long-term capital losses created by the 1921 Act, by establishing a symmetrical treatment between long-term gains and losses.
countingcalifornia.cdlib.org /crs/ascii/98-473   (5326 words)

  
 op5b
A new revenue act is passed increasing taxes on incomes in excess of $ 1 million per year to a rate of 77%.
However, in an evident desire to compel the plaintiff to desist from further litigation, the court went beyond the venue determination to dismiss the action with prejudice on the basis of res judicata.
Revenue Ruling 90-79 provides that a loss on a foreign currency mortgage cannot be used to offset taxable gain on the sale of a house in a foreign country.
www.aca.ch /op5b.htm   (3865 words)

  
 History of US tax law
In October, 1913, the first income tax law is enacted requiring taxes to be paid on all "lawful" income.
The Joint Tax Committee Staff estimates that the 1978 revenue cost of the Foreign Earned Income Act will be $ 412 million, compared with $ 194 million had the 1976 Act provisions applied that year, and $ 538 million had the law which had been in effect prior to the 1976 Act applied.
Congress also passes the "Health Insurance Portability and Accountability Act of 1996" which states that individuals who have assets of $ 500,000 or more or income of more than $ 100,000 and who lose their U.S. nationality are deemed to have expatriated themselves for income tax avoidance purposes.
www.aca.ch /hisustax.htm   (3869 words)

  
 Revenue Act of 1913 - Wikipedia, the free encyclopedia
The United States Revenue Act of 1913 also known as the Tariff Act or Underwood Tariff (ch.
It was signed into law by President Woodrow Wilson on October 3, 1913.
The new code passed the House, 281 to 139, in May, 1913.
en.wikipedia.org /wiki/Revenue_Act_of_1913   (400 words)

  
 Tax Research 2
This Act was different from the 1916 Act in that it imposed a tax which was merely in lieu of the tax imposed by the 1916 Act.
The Revenue Act of 1921 was adopted by Congress on November 23, 1921.
It is clear that the differences between the 1913 Act and the 1916 Act, as amended, did not relate to the statutory definition of "income", leaving only one possibility: the difference between the 1913 and 1916 income tax acts related to the taxpayers whose income was taxed.
www.givemeliberty.org /docs/TaxResearchCD/Attach2.htm   (10523 words)

  
 Eisner v. Macomber
She was called upon to pay, and did pay under protest, a tax imposed under the Revenue Act of 1916, based upon a supposed income of $19,877 because of the new shares; and an appeal to the Commissioner of Internal Revenue having been disallowed, she brought action against the Collector to recover the tax.
The Revenue Act of 1916, in so far as it imposes a tax upon the stockholder because of such dividend, contravenes the provisions of Article I, Section 2, clause 3, and Article I, Section 9, clause 4, of the Constitution, and to this extent is invalid notwithstanding the Sixteenth Amendment.
On December 22, 1913, a cash dividend of $200 per share was declared payable on February 14, 1914, to stockholders of record January 31, 1914; and these stockholders were offered the right to subscribe for an equal amount of new stock at par and to apply the cash dividend in payment therefor.
pegasus.cc.ucf.edu /~bandy/eisner.htm   (8727 words)

  
 The Multiracial Activist - Bob Jones University V. United States (Case #: 461 US 574)   (Site not responding. Last check: 2007-10-10)
Sagrada Orden, 263 U.S. In enacting the Revenue Act of 1938, ch.
The Revenue Act of 1918 added an exemption for corporations or associations organized "for the prevention of cruelty to children or animals." Ch.
The exemption remained unchanged in the Revenue Acts of 1924, 1926, 1928, and 1932.
www.multiracial.com /government/bju-v-us.html   (12548 words)

  
 Tax Revision Studies, 1937: Volume II
On three occasions (Revenue Acts of 1934, 1935, and 1936) the corporate taxpayer has been enabled to determine that tax base which, considering the profitableness of its business, the fluctuations in such profits from year to year, and the prospects for repeal of these taxes, would result in the least aggregate amount of tax liability.
To avoid impairment of revenue during depression years, it is recommended in the separate memorandum on Capital Gains and Losses that for purposes of determining the carry-forward of capital losses, the most variable of the income items, capital gains and losses, be segregated, except with respect to the undistributed profits tax.
In the Revenue Act of 1913 the normal tax rate was 1 percent, which three years later was increased to 2 percent.
www.tax.org /thp/civilization/Documents/Surveys/hst23730/23730-1.htm   (3492 words)

  
 [No title]
On the contrary, the limitation was made applicable solely to the religious, charitable, and educational organizations exempt from tax under Section 101(6) of the Revenue Act of 1934 and eligible to receive tax-deductible contributions under Section 23(o)(2).
At the time of these enactments, the revenue laws contained no expres limitations on lobbying by exempt organizations, and as we have pointed out (page 15, supra), no such limitations were imposed until the Revenue Act of 1934.
As reflected in the debate, the focus of the 1934 Act was on the provision (Section 23(o)(2)) that governed the deductibility for income tax purposes of contributions to organizations classified as charitable that engaged in influencing legislation.
www.usdoj.gov /osg/briefs/1982/sg820087.txt   (12482 words)

  
 TAX HISTORY
1913: In February the 16th Amendment, which states "Congress shall have the power to lay and collect tax on incomes, from whatever sources derived, without apportionment among the several states, and without regard to any census or enumeration", was ratified by the necessary 3/4 of the states.
On October 3rd Congress passed the Revenue Act of 1913, which created the first permanent US income tax.
Under this act, the first $3000 of income for single persons and $4000 for married couples was exempt from taxation.
rdftaxpro.tripod.com /taxhelp/id10.html   (831 words)

  
 DUTY   (Site not responding. Last check: 2007-10-10)
The district judges, according to the Act, are required to reside within the district.
Revenue Act of 1894 (Wilson- Gorman Act) The Federal Income Tax law was declared unconstitutional by the Income Tax Cases: Pollock v.
Revenue Act of 1913 This act imposes a net income tax upon those citizens of the United States over which Congress has legislative power.
www.worldnewsstand.net /law/Rivera_course.htm   (2282 words)

  
 S. 1913 (is) To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential ...   (Site not responding. Last check: 2007-10-10)
1913 (is) To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.
This Act may be cited as the ``Presidential Funding Act of 2003''.
(a) Increase in Amount Designated.--Section 6096(a) of the Internal Revenue Code of 1986 is amended-- (1) in the first sentence, by striking ``$3'' each place it appears and inserting ``$6''; and (2) in the second sentence-- (A) by striking ``$6'' and inserting ``$12'', and (B) by striking ``$3'' and inserting ``$6''.
www.washingtonwatchdog.org /documents/cong_bills/108/s/s108_1913is.html   (827 words)

  
 Tax Revision Studies, 1937: Volume III
From the enactment of the 1913 income tax law until 1921, capital gains realized by individuals, irrespective of the period held, were treated like any other source of income and subjected to the full normal and surtax rates in the year of realization.
The substantial increases in individual income-tax rates that were effected by the Revenue Act of 1932 greatly accentuated the disparity in the tax treatment of capital gains as compared with income derived from other sources.
Under the Revenue Act of 1934, the percentages for the step-down system were applicable to losses in the same manner as to gains, with the limitation that losses so determined could not be included for purposes of determining net income except to the amount of the included capital gains plus $2,000.
www.tax.org /thp/Civilization/Documents/Surveys/hst23731/23731-1.htm   (4401 words)

  
 taxres1.html
INTERNAL REVENUE CODE (IRC): 26 U.S.C. Prior to 1939, the tax laws of the U.S. were set forth in "Revenue Acts".
Beginning with the Revenue Act of 1913, every few years another Revenue Act was passed that superseded its predecessor, reenacting provisions still in effect and amending or adding provisions as needed.
Revenue Rulings: Issued by the IRS (not Sectary of Treasury) these rulings do not have force or effect of regulations, but provide precedents and illustrate the current position of the IRS.
www.law.nyu.edu /library/taxres1.html   (1349 words)

  
 Federal Reserve Act December 23, 1913   (Site not responding. Last check: 2007-10-10)
An Act To provide for the establishment of Federal reserve banks, to furrish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Any national bank failing to signify its acceptance of the terms of this Act within the sixty days aforesaid, shall cease to act as a reserve agent, upon thirty days' notice, to be given within the discretion of the said organization committee or of the Federal Reserve Board.
Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application.
www.multied.com /documents/Federalreserve.html   (1668 words)

  
 sociology - Woodrow Wilson
Wilson pushed the Espionage Act of 1917 and the Sedition Act of 1918 through Congress to suppress socialist, anti-British, pro-Irish, pro-German, or anti-war opinions.
This was to date the most serious case of presidential disability in American history, and was cited as a key example why ratification of the 25th amendment was seen as important.
The amendment, which provides for installation of the Vice President as Acting President in case of presidential disability, was ratified in 1967.
www.aboutsociology.com /sociology/Woodrow_Wilson   (2880 words)

  
 [No title]   (Site not responding. Last check: 2007-10-10)
Revenue Act of 1913 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 507.I.B.4.b da}{\*\bkmkend 507.I.B.4.b da}b.
Revenue Act of 1916 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 507.I.B.4.c da}{\*\bkmkend 507.I.B.4.c da}c.
Revenue Act of 1918 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 507.I.B.4.e da}{\*\bkmkend 507.I.B.4.e da}e.
www.bna.com /tm/docs/507_2_TOC.doc   (6133 words)

  
 Bob Jones University v. United States
In enacting the Revenue Act of 1938, ch.
While the eight categories of institutions specified in the statute are indeed presumptively charitable in nature, the IRS properly considered principles of charitable trust law in determining whether the institutions in question may truly be considered "charitable" for purposes of entitlement to the tax benefits conferred by § 170 and § 501(c)(3).
The Court's decision upholds IRS Revenue Ruling 71-447, and thus resolves the question whether tax-exempt status is available to private schools that openly maintain racially discriminatory admissions policies.
usa.usembassy.de /etexts/crights/scdec/bobjones.htm   (13234 words)

  
 [No title]   (Site not responding. Last check: 2007-10-10)
Revenue Act of 1913 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 506.I.B.4.b da}{\*\bkmkend 506.I.B.4.b da}b.
Revenue Act of 1916 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 506.I.B.4.c da}{\*\bkmkend 506.I.B.4.c da}c.
Revenue Act of 1921 \par \pard \s6 \li1440\fi-360 {\*\bkmkstart 506.I.B.4.e da}{\*\bkmkend 506.I.B.4.e da}e.
www.bna.com /tm/docs/506_2_TOC.doc   (7530 words)

  
 American Liberty Dollar
In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5).
Nevertheless, on December 23, 1913, taking advantage of the absence of congressmen opposed to the creation of a fiat monetary system during the Christmas break, the Federal Reserve Act was passed.
The Federal Reserve was illegally established, in 1913, by corrupt legislators in sufficient numbers to sneak the legislation through just hours before Christmas when the honest legislators who would have blocked it were home for the holidays (folks traveled by horse and buggy and trains back then).
www.libertydollar.org /ld/federal-reserve   (1535 words)

  
 Milestones in Residential Real Estate: 1900-1999   (Site not responding. Last check: 2007-10-10)
The current income tax system is established by Congress under the Revenue Act of 1913, which includes provisions for the home mortgage interest deduction.
Discrimination in housing is outlawed under Title VIII of the Civil Rights Act of 1968, also known as the Fair Housing Act.
The Tax Reform Act of 1986 makes it easier for taxpayers to deduct capital gains from the sale of real estate from their income taxes.
www.realtor.org /rmomag.NSF/pages/MilestonesChrArchive1999Dec   (1700 words)

  
 Amerika -- Capitalist or Communist? [Free Republic]   (Site not responding. Last check: 2007-10-10)
RICO Act of 1970 (Racketeering Influenced & Corrupt Organizations) used as a basis to confiscate property.
Civil Rights Act of 1964 effectively the equal liability of all to labor.
Free education for all children in public schools; Abolition of childrens factory labor in its present form Gradual shift from private education to state funded education began in the New England States in the early 1800s.
www.freerepublic.com /forum/a38e403b77394.htm   (7560 words)

  
 Communist Manifesto - All Ten Planks ... In America!!!
National Labor Relations Act of 1935, stated purpose to free inter-state commerce from disruptive strikes by eliminating the cause of the strike.
Smith-Lever Act of 1914, vocational education; Smith-Hughes Act of 1917 and other relief acts of the 1930's.
National Defense Education Act of 1958, a reaction to Russia's Sputnik satellite demonstration, provided grants to education's specialties.
www.criminalgovernment.com /docs/planks.html   (715 words)

  
 INTRODUCTION TO IRS CRIMINAL INVESTIGATION
While other federal agencies also have investigative jurisdiction for money laundering and some bank secrecy act violations, IRS is the only federal agency that can investigate potential criminal violations of the Internal Revenue Code.
Numerous internal revenue laws since that time have made changes in rates and other aspects of revenue assessment.
A new law, Title 31, Section 5331 of the United States Code, was passed in 2001 as a result of the USA Patriot Act and duplicates the reporting provisions of IRC, Section 6050(i).
www.mckenzielaw.com /CID.htm   (6445 words)

  
 Happy Birthday To The Income Tax!   (Site not responding. Last check: 2007-10-10)
In February of 1913 the 16th Amendment was ratified by the required two-thirds of the states.
The amendment gave Congress the power to "lay and collect tax on incomes, from whatever sources derived, without apportionment among the several states, and without regard to any census or enumeration." On October 3, 1913, Congress passed the Revenue Act of 1913, which created the first permanent federal income tax.
In 1894, in response to complaints that an excessive reliance on tariffs as a source of revenue caused the price of imported goods to rise, Congress again passed an income tax law, which the Supreme Court ruled unconstititional in 1895.
www.mjesales.com /articles/tax/happy_birthday_to_the_income_tax.htm   (744 words)

  
 Political Crossfire Forums :: View topic - Income Tax   (Site not responding. Last check: 2007-10-10)
Interesting you should quote that case, since it was the same case in which the Supreme Court validated the Sixteenth Amendment and upheld the Revenue Act of 1913.
Well the ruling was done in 1916, not 1913 when the 16th was supposedly passed.
Those facts, in many cases, were Acts of the several State Legislatures voting for or against that proposal to amend the U.S. Constitution.
www.politicalcrossfire.com /forum/viewtopic.php?p=1686696   (5524 words)

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