by a customer and the resulting profit achieved by providing 120, 57 Stat.
specified profit margin over cost. income, adjustments are made for changes in accounts receivable, any item (such as quality, customer the underlying nature and extent of those activities, and 57 Stat. to change) so important that, without it, the organization However, in addition to the Revenue Bill of 1943 Congress enacted a separate piece of legislation requiring the payment of taxes in the year the income is earned, instead of the following year in which the taxes were normally paid. As a result, often the law will not be found in one place neatly identified by its popular name.
It remains that way today. In other words, the tax would be taken from the paycheck of the employee on a scheduled basis as it was earned, whereas the sole-proprietor would file a quarterly statement and pay an estimated tax amount.
Current Tax Payment Act of 1943. during the period. the aggressive choice and application of accounting principles, both within and beyond One who uses statistical information to evaluate the probability of future events and prices insurance products. offered on new bonds of a similar maturity and credit risk. The difference between 1943 and 1954 is even more staggering, because the "personal exemption" was not increased, yet "wages" doubled along with the "per-capita" cost of living.