He is basing his guess on new government statistics that show business has broadened its stride -- a new record high in personal income, an increase in housing starts, a spurt in retail sales and a gain in orders for durable goods.

Mr. Hodges is so hopeful over the outlook that he doesn't think there will be any need of a cut in income taxes.

April 15 is usually the final date for filing income tax returns for most people because they use the calendar year ending on December 31.

If you were required to file a declaration of estimated tax for the calendar year 1961, it is not necessary to pay the fourth installment otherwise due on January 15, 1962, if you file your income tax return Form 1040, and pay your tax in full for the calendar year 1961 by January 31, 1962.

However, if their United States income is not subject to the withholding of tax on wages, their returns are due June 15, 1962, if they use a calendar year, or the 15th day of the 6th month after the close of their fiscal year.

His income is not required to be included in the return of his parent.

A minor who has gross income of less than $600 is entitled to a refund if income tax was withheld from his wages.

It is an averaging device intended to ease the tax burden of fluctuating income ; ;

It is interesting to note how many of the plants on Massachusetts' Route 128 draw most of their income either from the government in non-competitive cost-plus arrangements, or from the exploitation of patents which grant at least a partial monopoly.

Part-time farming gives a measure of security if the regular job is lost, provided the farm is owned free of debt and furnishes enough income to meet fixed expenses and minimum living costs.

For some retired persons, part-time farming is a good way to supplement retirement income.

The total is the probably gross income from farming.

The Jewish working girl almost invariably works in an office -- in contradistinction to gentile factory workers -- and, buttressed by a respectable income, she is likely to dress better and live more expansively than the college student.

Other witnesses, after appearances before the jury, which reportedly is probing into possible income tax violations, disclosed that government prosecutors were attempting to connect Stein and his company with a number of gangsters, including Glimco and Alex.

The Government also is aiding farmers' income prospects.

With cash receipts from marketings expected to be slightly above 1960, farmers' gross income is estimated at $39.5 billion, $1.5 billion above 1960's record high.

A frequent pitfall in this sort of arrangement, experts warn, is a tendency to pay the wife more than her job is worth and to set aside an excessive amount for her as retirement income.

For investors whose income is taxed at high rates, though, a tax-free yield of 4 per cent is high.

It is the equivalent of 8 per cent for an unmarried investor with more than $16,000 of income to be taxed, or for a married couple with more than $32,000 of taxed income.

The typical amateur astronomer is one who does not depend on the field of astronomy as a primary source of income or support, and does not have a professional degree or advanced academic training in the subject.

The owner of a public relations firm owed no income tax on payments he received from a client company and `` kicked back '' to the company's advertising manager, the Tax Court ruled.

Amalric agreed and ascended the throne without a wife, although Agnes continued to hold the title Countess of Jaffa and Ascalon and received a pension from that fief's income.

Farmers now received less income from the sale of their wheat.

Henry McLeish, Labour First Minister of Scotland, failed to refund the House of Commons for income he had received from the sub-let of his constituency office in Glenrothes while still a Westminster MP.

The payment for use and the received income of a land owner is rent.

The payment for someone else's labor and all income received from ones own labor is wages.

Joseph Wells managed to earn a meagre income, but little of it came from the shop ; Joseph received an unsteady amount of money from playing professional cricket for the Kent county team.

However, for households and individuals, " income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received ... in a given period of time.

Mutualists oppose the institutions by which individuals gain income through loans, investments, and rent, as they believe the income received through these activities is not in direct accord with labor spent.

In 2011, MIT faculty and researchers disclosed 632 inventions, were issued 153 patents, earned $ 85. 4 million in cash income, and received $ 69. 6 million in royalties.

After that, the actors received nothing and the production company would keep 100 % of any income.

Dan Immergluck writes that in 2002 small businesses in black neighborhoods still received fewer loans, even after accounting for businesses density, businesses size, industrial mix, neighborhood income, and the credit quality of local businesses.

In December 2008, SGI received a delisting notification from NASDAQ, as its market value had been below the minimum $ 35 million requirement for 10 consecutive trading days, and also did not meet NASDAQ's alternative requirements of a minimum stockholders ' equity of $ 2. 5 million or annual net income from continuing operations of $ 500, 000 or more.

" Under this definition, any increase in wealth — whether through wages, benefits, bonuses, sale of stock or other property at a profit, bets won, lucky finds, awards of punitive damages in a lawsuit, qui tam actions — are all within the definition of income, unless the Congress makes a specific exemption, as it has for items such as life insurance proceeds received by reason of the death of the insured party, gifts, bequests, devises and inheritances, and certain scholarships.

In its original decision, the Court had ruled that was unconstitutional under the Sixteenth Amendment to the extent that the statute purported to tax, as income, a recovery for a non-physical personal injury for mental distress and loss of reputation not received in lieu of taxable income such as lost wages or earnings.

On July 3, 2007, the Court ( through the original three-judge panel ) ruled ( 1 ) that the taxpayer's compensation was received on account of a non-physical injury or sickness ; ( 2 ) that gross income under section 61 of the Internal Revenue Code does include compensatory damages for non-physical injuries, even if the award is not an " accession to wealth ," ( 3 ) that the income tax imposed on an award for non-physical injuries is an indirect tax, regardless of whether the recovery is restoration of " human capital ," and therefore the tax does not violate the constitutional requirement of Article I, Section 9, Clause 4, that capitations or other direct taxes must be laid among the states only in proportion to the population ; ( 4 ) that the income tax imposed on an award for non-physical injuries does not violate the constitutional requirement of Article I, Section 8, Clause 1, that all duties, imposts and excises be uniform throughout the United States ; ( 5 ) that under the doctrine of sovereign immunity, the Internal Revenue Service may not be sued in its own name.

" The court ruled that Ms. Murphy was not entitled to the tax refund she claimed, and that the personal injury award she received was " within the reach of the congressional power to tax under Article I, Section 8 of the Constitution " -- even if the award was " not income within the meaning of the Sixteenth Amendment ".

Share of personal income (%) received by:

Facing the possibility of impeachment after federal investigators probed his having allegedly received kickbacks from Maryland contractors when he was serving as County Executive of Baltimore County, he instead resigned and pleaded no contest to a single count of income tax evasion.

The following year, he received an appointment as Distributor of Stamps for Westmorland, and the £ 400 per year income from the post made him financially secure.

I do not object to the principle of graduated taxation: for the just principle of ability to pay is not determined simply by the amount of income ... But, so far as I understand the present measure of finance from the partial reports I have received, I find it too violent.