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... (a)(2)(i) of this section by an assumed effective Federal Income Tax rate of 30 percent;. (iii) Comp...S = Tax savings=(Q)(T). I = Discount factor to be applied for vessels subject to 20-yr ...
...-bearing promissory notes at prices discounted below the face amounts and held them over six mont... is, it is to be taxed at ordinary income rates. From this the taxpayer would infer that Congress ... of discount or premium as altering the effective rate of interest is not to be rejected as an "esot...
... gold reserves, by manipulating the bank rate (Sayers, 1970; Eichengreen 1987) . The ability of ... deployed a variety of means to make the discount rate effective in the chaos of unregulated short t...
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