Excerpt from Major Issues in the Taxation of Life Insurance Products, Policyholders, and Companies: A Study Prepared by the Staffs of the Joint Committee on Taxation and Senate Committee on Finance This document is a study on the taxation of life insurance products, policyholders, and companies. It was prepared by the staffs of the Joint Committee on Taxation and Senate Committee on Finance in response to a request by Finance Committee Chairman, Robert Dole, in October 1982. (See Senator Dole's Press Release of October 8, 1982, requesting the staff study.) The first part of the document is a summary of the study. The second part is a discussion of the taxation of life insurance products and policyholders. The third part is a discussion of the taxation of life insurance companies. In each of parts two and three, there is an overview followed by a discussion of specific areas of tax treatment, including background, present law, and issues. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Major Issues in the Taxation of Life Insurance Products, Policyholders, and Companies: A Study Prepared by the Staffs of the Joint Committee on Taxation and Senate Committee on Finance Although 93 percent of all insurance companies are stock compa nies, mutual companies are generally older and larger than the stock companies, and the market share and assets of the insurance industry are more or less divided evenly between the two groups. Mutual and stock companies compete not only with one another for a Share in the life insurance business, but also with banks and trust companies that administer qualified pension plans and with other tax-exempt insurance trusts. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Federal Taxation of Life Insurance Companies: A Paper Read at the Meeting of Life Insurance Counsel Held at Atlantic City, May, 1917 At the time this paper is being written there is pending in Congress a measure which largely increases the normal tax imposed on life companies, increases the so-called excess profits tax from eight to sixteen per cent. And imposes a tax of eight cents on each of insurance written after it becomes a law. In addition, it has certain retroactive fea tures that still further add to the tax burden. This is put forth as a war measure. How long it will continue in force, if passed, after peace is established, remains to be seen. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.