Tax Treatment of Life Insurance: Hearings Before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, Ninety-eighth Congress, First Session, May 10, 11; July 28, 1983United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures U.S. Government Printing Office, 1984 - Broj stranica: 967 |
Ostala izdanja - Prikaži sve
Uobičajeni izrazi i fraze
adjustment amount ance assets basis believe capital cash value Chairman STARK CHAPOTON committee compa company's competitive computed corporate tax cost credited CREEDON death benefit deferral earnings economic income equity return estimate excess interest gain from operations GUARINI increase insurance companies insurance contracts insurance industry insurance policies insurance products interest rates investment income issue KENNELLY LEBED limitation ment million minimum tax mutual companies mutual life insurance ownership differential paid panies percent permanent life insurance policyholder dividends rate of return reinsurance reserves result return on equity revenue rules shareholders small companies special deductions statement statutory stock and mutual stock companies stock life insurance stopgap Subcommittee subsidiaries surance surplus tax base tax burden tax law tax liability tax purposes tax rate tax treatment taxable income taxation TEFRA term insurance testimony Thank tion Treasury underwriting income universal life insurance whole life insurance
Popularni odlomci
Stranica 30 - provides that no deduction is allowed for any amount paid or accrued on indebtedness incurred or continued to purchase or carry a single premium life insurance, endowment, or annuity contract. Section
Stranica 359 - provides that gross income does not include amounts received (whether in a single sum or otherwise) under a life insurance contract, if the amounts are paid by reason of the death of
Stranica 33 - insurance" as a contract with a life insurance company which depends in part on the life expectancy of the insured, but which may be payable in full in a single payment during his life. A
Stranica 30 - a plan of purchase which contemplates the systematic direct or indirect borrowing of part or all of the increases in cash value of such contract
Stranica 790 - Murphy, Cost in Commercial Banking, Federal Reserve Bank of Boston, 1968) "Substandard Loans," The National Banking Review, 4 March 1969, 271-281 "An Analysis and Evaluation of Alternative Reserve Requirement Plans," The Journal of Finance, XXIV, December 1969,
Stranica 908 - (NAIC) is comprised of the chief insurance regulatory officials of the 50 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, and
Stranica 318 - held in Theodore H. Cohen, 39 TC 1055 (1963), that the taxpayer's right, prior to the maturity, surrender or sale of life insurance contracts, to receive the cash surrender value of those contracts, including periodic increments thereof, was subject to such 'substantial restrictions' as to make inapplicable the doctrine of constructive receipt.
Stranica 315 - In fact, it used to be that policies contained no provision at all for the payment of amounts representing an insured's equity on termination prior to the maturity of the policy. The law did not generally require policies to have a cash value until after the turn of the century. Cash values,
Stranica 305 - welcome to the committee. If you have a prepared statement, it will be made part of the record. You may proceed to summarize or read
Stranica 418 - the policyholder would be put in the position of paying a tax on income he cannot effectively receive—assuming he wants to retain the basic benefits he acquired with the purchase of his annuity. The policyholder would incur ongoing negative cash flow (because of the tax he would pay) for the privilege of