Paid Dividends

(noun)

Paid dividends were made tax deductible for corporations under the Undistributed Profits Tax bill. This move was highly unpopular and the loophole was repealed in 1938.

Related Terms

  • National Labor Relations Board
  • United States Housing Authority

Examples of Paid Dividends in the following topics:

  • Social Security and Tax Reform

    • Paid dividends were tax deductible by corporations.
    • Due to widespread and fierce criticism, the tax deduction of paid dividends was repealed in 1938.
  • The Second New Deal

    • In addition, the WPA was forbidden to compete with private enterprises, meaning the workers had to be paid smaller wages.
    • Paid dividends were tax deductible by corporations.
    • The tax deduction of paid dividends was met with widespread, fierce criticism and was repealed in 1938.
  • Toward a Welfare State

    • Roosevelt had insisted that the projects had to be costly in terms of labor, produce long-term benefit, and WPA was forbidden to compete with private enterprises, therefore the workers had to be paid smaller wages.
    • Paid dividends were tax deductible by corporations.
  • The Tariff

    • The most recent effort to tax incomes (Wilson-Gorman Tariff of 1894) had been declared unconstitutional by the Supreme Court because the tax on dividends, interest, and rents was not a direct tax apportioned by population.
    • ...the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in real or personal property, also from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain or profit, or gains or profits and income derived from any source whatever
  • Peacetime Politics

    • In addition to economic woes, because Roosevelt had not paid attention to Congress in his final years, Truman faced a body where Republicans and conservative southern Democrats formed a powerful voting bloc.
    • Farm income, dividends, and corporate income were at all-time highs, and there had not been a failure of an insured bank in nearly nine years.
  • The Whiskey Rebellion

    • Resistance came to a climax in July 1794, when a U.S. marshal arrived in western Pennsylvania to serve writs to distillers who had not paid the tax.
    • In his Report on Public Credit, he urged Congress to consolidate the state and national debts into a single debt that would be funded by the federal government that would be paid not only though import duties, but also, an excise tax on domestically distilled spirits.
    • For poorer people who were paid in whiskey, the excise was an unfair income tax that wealthier Easterners did not pay.
    • In May of that year, federal district attorney William Rawle issued subpoenas for more than 60 distillers in Pennsylvania who had not paid the excise tax.
  • The Culture of Abundance and Consumerism

    • The period from 1946 to 1960 also witnessed a significant increase in the paid leisure time of working people.
    • Paid vacations also became to be enjoyed by the vast majority of workers.
    • Industries catering to leisure activities blossomed as a result of most Americans enjoying significant paid leisure time by 1960.
  • Economic Impacts of the Revolution

    • The Continental Congress also delayed payments, paid soldiers and suppliers in depreciated currency, and promised to make good on payments in arrears after the war.
    • Indeed, in 1783, soldiers and officers were given land grants to cover the wages they had earned but had not been paid during the war.
    • Soldiers, for example, were already being paid in arrears due to the difficulty Congress was having financing the war, and their wages were rapidly declining in value every month.
  • The Post-War Boom

    • As noted by Deone Zell, assembly line work paid well, while unionized factory jobs served as "stepping-stones to the middle class."
    • The period from 1946 to 1960 also witnessed a significant increase in the paid leisure time of working people.
    • The majority of workers also enjoyed paid vacations and industries catering to leisure activities blossomed.
  • Wilsonian Progressivism

    • The most recent effort to tax incomes (Wilson-Gorman Tariff of 1894) had been declared unconstitutional by the Supreme Court because the tax on dividends, interest, and rents was not a direct tax apportioned by population.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.