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Commissioner v. Glenshaw Glass Co., 348 U.S. 426 (1955), was an important income tax case before the United States Supreme Court.The Court held as follows: Congress, in enacting income taxation statutes that comprehend "gains or profits and income derived from any source whatever," intended to tax all gain except that which was specifically exempted.
Haig–Simons income. Haig–Simons income or Schanz–Haig–Simons income is an income measure used by public finance economists to analyze economic well-being which defines income as consumption plus change in net worth. [1] [2] It is represented by the mathematical formula: I = C + Δ NW. where C = consumption and Δ NW = change in net worth.
Affluence refers to an individual's or household's economical and financial advantage in comparison to others. [ 1] It may be assessed through either income or wealth . In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of ...
The Southern Poverty Law Center (SPLC) is an American 501(c)(3) nonprofit legal advocacy organization specializing in civil rights and public interest litigation. [3] Based in Montgomery, Alabama, it is known for its legal cases against white supremacist groups, for its classification of hate groups and other extremist organizations, and for promoting tolerance education programs.
As of 2020, over half of the members of Congress were millionaires and the median net worth of members was approximately $1 million. [4] The original documents for each member's disclosure are publicly available on database websites. [5] Since 2009, the salaries per annum of members of the United States Congress have been as follows: [6]
Moral turpitude is a legal concept in the United States, and until 1976 in Canada, that refers to "an act or behavior that gravely violates the sentiment or accepted standard of the community". [ 1] This term appears in U.S. immigration law beginning in the 19th century. [ 2]
Greene’s Net Worth. Her base yearly salary as a member of Congress is $174,000, and Celebrity Net Worth estimates her total wealth at ~$700,000. Prior to being elected to Congress, she and her ...
Gross income. For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions).