Impact of tax reform and simplification proposals on small business: hearings before the Committee on Small Business, United States Senate, Ninety-ninth Congress, first session ....U.S. Government Printing Office, 1985 |
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alternative minimum tax amount assets banks benefits capital formation capital gains tax cash method Chairman changes companies completed contract method Congress construction corporate rate corporate tax corporate tax rates cost recovery current law deductions depreciation Distributors Association effective tax rate elimination employees expenses Federal FIFO financing graduated corporate graduated rates House bill IDBS incentive stock option income tax increase individual industry interest inventory investment purchases investment tax credit investors issue legislation LIFO limit loan LOWELL WEICKER major method of accounting million minimum tax mortgage MRBS multifamily Oklahoma Oklahoma City ordinary income percent period permanent life insurance present law President President's proposal President's tax provisions purchases will receive rate reduction receive an ITC repeal require result retained revenue rules Senator NICKLES small business community small firms statement tax code tax law tax policy tax reform proposals taxable income taxation taxpayers Thank timber Treasury Proposal venture capital wholesale
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Pàgina 431 - Society are, for the most part, sole or partners in moderately sized public accounting firms. NSPA members provide accounting, auditing, tax preparation, tax planning and management advisory services to more than 4 million individuals and small businesses.
Pàgina 441 - ... (1) the furnishing of such food or beverages has a clear business purpose presently related to the active conduct of a trade or business, "(2) such expense is not lavish or extravagant under the circumstances, and "(3) the taxpayer (or an employee of the taxpayer) is present at the furnishing of such food or beverages . " The bill places a further restriction on such expenses by limiting the allowable deduction on business meals and entertainment to 80 percent of the amount of the expense. NSPA...
Pàgina 120 - There will be several beneficial effects following a substantial reduction in top tax rates. The overall long-term economic benefit of substantial tax rate reductions will be a parallel reduction in the impact which the heavy hand of high rates has on the millions of business and personal financial decisions which are made each day. The rate of tax which a person expects will be imposed on the income from making additional investments or from providing more hours of personal labor certainly affects...
Pàgina 440 - Congress concluded that the minimum tax should serve one overriding objective: to ensure that no taxpayer with substantial economic income can avoid significant tax liability by using exclusions, deductions, and credits.
Pàgina 52 - While in that capacity, he was involved in such major legislative accomplishments as the Economic Recovery Tax Act of 1981, the Tax Equity and Fiscal Responsibility Act of 1982, the Tax Reform Act of 1984, and the Tax Reform Act of 1986.
Pàgina 431 - NSPA members provide accounting, auditing, tax preparation, tax planning, and management advisory services to individuals and to small and medium-sized business firms. Members of NSPA are pledged to a strict code of professional ethics and rules of professional conduct.
Pàgina 133 - National- American Wholesale Grocers' Association National Appliance Parts Suppliers Association National Association for Hose & Accessories Distributors National Association of Aluminum Distributors National Association of Chemical...
Pàgina 238 - State, may issue was limited to the greater of (1) 9 percent of the average annual aggregate principal amount of mortgages executed during the 3 preceding years for single-family owner-occupied residences located within the State, or (2) $200 million.
Pàgina 154 - OF JOHN S. SATAGAJ, PRESIDENT, SMALL BUSINESS LEGISLATIVE COUNCIL Mr. SATAGAJ. Thank you, Mr. Chairman. My name is John Satagaj...
Pàgina 5 - If Patrick Henry thought taxation without representation was bad, he should see how bad it is with representation...