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Individual Capital Gains Income: Legislative History

Since the enactment of the individual income tax in 1913, the appropriate taxation of capital gains income has been a perennial topic of debate in Congress. Almost immediately after the passage of the Revenue Act of 1913, legislative steps were initiated to change and modify the tax treatment of capital gains and losses. This report discusses different tax treatments and revenue acts since 1913. Updated June 29, 1998

Date: June 29, 1998

Creator: Esenwein, Gregg A.

Item Type: Report

Partner: UNT Libraries Government Documents Department

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Social Security Taxes: Where Do Surplus Taxes Go and How Are They Used?

The costs of the Social Security program, both its benefits and administrative expenses, are financed by a tax on wages and self-employment income. Commonly referred to as FICA and SECA taxes (because they are levied under the Federal Insurance and Self-Employment Contributions Acts), these taxes flow each day into thousands of depository accounts maintained by the government with financial institutions across the country. Along with many other forms of revenues, these Social Security taxes bec… more

Date: April 29, 1998

Creator: Koitz, David Stuart