Show o 0 LIFE INSURANCE OE COMPANIES O DODGE TAXES As a result of a quirk In the present law life Insurance companies companies companies com com- have haye unintentionally been relieved of Income taxes since 1946 The above sentence Is a quotation quotation quotation quota quota- tion taken from the measure of the President of the United States to Congress discussing the tax policy of the nation The President points out that neither the companies nor their policyholders policyholders policyholders policy- policy holders have paid taxes on more than of investment investment investment invest invest- ment Income per year While the Government has always al aI- al- al wn's ways In ix Its tax laws given favorable favorable fa treatment to the Income received reached b by Individuals from life me insurance policies and has made madea a special provision for the taxation taxation taxation taxa taxa- tion of life Insurance companies It was never Intended that these companies which own productive assets worth about should be exempt pt from taxation tax tax- |