1007:
31:
274:
237:
It includes the quotable passage: "A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in colour and content according to the circumstances and time in which it is used." ―
1077:
1067:
224:
case in which the Court held that "a stock dividend based on accumulated profits was not 'income' within the true intent of the statute." Congress passed a new law in reaction to
421:
326:
261:
72:
1082:
472:
1097:
1072:
412:
1092:
965:
284:
1048:
893:
437:
674:
1014:
714:
666:
221:
35:
722:
901:
581:
445:
789:
917:
984:
872:
821:
504:
496:
405:
949:
941:
730:
698:
933:
909:
658:
706:
957:
690:
305:
573:
533:
1041:
848:
453:
239:
132:
589:
565:
398:
1006:
864:
650:
856:
54:
Towne v. Eisner, Collector of United States
Internal Revenue for the Third District of the State of New York
682:
621:
613:
382:
925:
156:
749:
629:
829:
813:
773:
597:
330:
265:
116:
64:
757:
549:
781:
525:
1034:
605:
541:
364:
280:
144:
79:
1087:
805:
797:
557:
488:
230:
206:
168:
346:
390:
355:
337:
1018:
765:
373:
297:
268:
160:
136:
124:
1061:
148:
87:
67:
185:
Holmes, joined by White, Day, Van
Devanter, Pitney, McReynolds, Brandeis, Clarke
83:
300:, 245 U.S. 418 425 (1918), quoted in Roberts, Harold S. (1986)
394:
30:
101:
A stock dividend based on accumulated profits is not "income."
228:
and so the case was soon overturned by the
Supreme Court in
283:
from judicial opinions or other documents created by the
1022:
1078:
United States
Supreme Court cases of the White Court
976:
883:
840:
741:
640:
515:
464:
429:
189:
181:
176:
105:
95:
59:
49:
42:
23:
675:Continental Tie & Lumber Co. v. United States
667:Texas & Pacific Railway Co. v. United States
1068:Overruled United States Supreme Court decisions
723:General American Investors Co. v. Commissioner
1042:
406:
8:
302:Roberts' Dictionary of Industrial Relations
1083:United States Sixteenth Amendment case law
1049:
1035:
413:
399:
391:
20:
582:Merchants' Loan & Trust v. Smietanka
473:Stratton's Independence, Ltd. v. Howbert
966:United States v. General Dynamics Corp.
790:United States v. Safety Car Heating Co.
250:
918:Helvering v. Independent Life Ins. Co.
285:federal judiciary of the United States
18:1918 United States Supreme Court case
7:
1003:
1001:
950:Hoover Express Co. v. United States
894:Brushaber v. Union Pacific Railroad
438:Brushaber v. Union Pacific Railroad
1015:Supreme Court of the United States
942:Tank Truck Rentals v. Commissioner
902:Burnet v. Sanford & Brooks Co.
731:Commissioner v. Gillette Motor Co.
715:Commissioner v. Glenshaw Glass Co.
699:Helvering v. Northwest Steel Mills
36:Supreme Court of the United States
14:
1098:United States Supreme Court stubs
1073:United States Supreme Court cases
422:United States Sixteenth Amendment
333:418 (1918) is available from:
1005:
446:Stanton v. Baltic Mining Company
272:
29:
934:Millinery Corp. v. Commissioner
910:McLaughlin v. Alliance Ins. Co.
659:Burk-Waggoner Assoc. v. Hopkins
308:), p. vii. ISBN 0-87179-488-8.
1093:1918 in United States case law
707:Crane-Johnson Co. v. Helvering
1:
985:Bowers v. Kerbaugh-Empire Co.
691:Helvering v. National Grocery
497:Bowers v. Kerbaugh-Empire Co.
90:) ¶ 14; 3 A.F.T.R. (P-H) 2959
1021:. You can help Knowledge by
1013:This article related to the
574:Rockefeller v. United States
534:Southern Pacific Co. v. Lowe
220:, 245 U.S. 418 (1918), is a
454:Tyee Realty Co. v. Anderson
222:United States Supreme Court
1114:
1000:
958:Cammarano v. United States
306:Bureau of National Affairs
304:3rd ed. (Washington D.C.;
279:This article incorporates
849:United States v. Sullivan
590:Miles v. Safe Deposit Co.
240:Oliver Wendell Holmes Jr.
204:
197:
110:
100:
28:
865:Commissioner v. Sullivan
651:Edwards v. Cuba Railroad
566:United States v. Phellis
43:Argued December 12, 1917
857:Rutkin v. United States
86:2143; 1 U.S. Tax Cas. (
45:Decided January 7, 1918
873:James v. United States
822:United States v. Davis
505:Moore v. United States
281:public domain material
830:Commissioner v. Tufts
814:Crane v. Commissioner
683:Helvering v. Mitchell
622:Koshland v. Helvering
614:Marr v. United States
926:Helvering v. Winmill
133:Oliver W. Holmes Jr.
750:Goodrich v. Edwards
630:Helvering v. Gowran
518:corporate dividends
383:Library of Congress
157:James C. McReynolds
145:Willis Van Devanter
977:Diminution of loss
806:Helvering v. Horst
798:Helvering v. Bruun
774:Lucas v. Alexander
643:corporate earnings
598:Cullinan v. Walker
558:Eisner v. Macomber
489:Eisner v. Macomber
231:Eisner v. Macomber
207:Eisner v. Macomber
121:Associate Justices
78:38 S. Ct. 158; 62
1030:
1029:
995:
994:
758:Walsh v. Brewster
550:Peabody v. Eisner
213:
212:
1105:
1051:
1044:
1037:
1009:
1002:
782:Burnet v. Harmel
526:Lynch v. Turrish
415:
408:
401:
392:
387:
381:
378:
372:
369:
363:
360:
354:
351:
345:
342:
336:
309:
295:
289:
276:
275:
255:
106:Court membership
33:
32:
21:
1113:
1112:
1108:
1107:
1106:
1104:
1103:
1102:
1058:
1057:
1056:
1055:
998:
996:
991:
972:
885:
879:
841:Unlawful income
836:
737:
642:
636:
606:Weiss v. Stearn
542:Lynch v. Hornby
517:
511:
481:Towne v. Eisner
460:
425:
419:
385:
379:
376:
370:
367:
361:
358:
352:
349:
343:
340:
334:
323:Towne v. Eisner
318:
313:
312:
296:
292:
273:
258:Towne v. Eisner
256:
252:
247:
226:Towne v. Eisner
217:Towne v. Eisner
200:
159:
147:
135:
117:Edward D. White
91:
44:
38:
24:Towne v. Eisner
19:
12:
11:
5:
1111:
1109:
1101:
1100:
1095:
1090:
1085:
1080:
1075:
1070:
1060:
1059:
1054:
1053:
1046:
1039:
1031:
1028:
1027:
1010:
993:
992:
990:
989:
980:
978:
974:
973:
971:
970:
962:
954:
946:
938:
930:
922:
914:
906:
898:
889:
887:
886:and exemptions
881:
880:
878:
877:
869:
861:
853:
844:
842:
838:
837:
835:
834:
826:
818:
810:
802:
794:
786:
778:
770:
766:Taft v. Bowers
762:
754:
745:
743:
739:
738:
736:
735:
727:
719:
711:
703:
695:
687:
679:
671:
663:
655:
646:
644:
638:
637:
635:
634:
626:
618:
610:
602:
594:
586:
578:
570:
562:
554:
546:
538:
530:
521:
519:
513:
512:
510:
509:
501:
493:
485:
477:
468:
466:
462:
461:
459:
458:
450:
442:
433:
431:
427:
426:
420:
418:
417:
410:
403:
395:
389:
388:
365:Google Scholar
317:
316:External links
314:
311:
310:
298:Towne v Eisner
290:
249:
248:
246:
243:
211:
210:
202:
201:
198:
195:
194:
191:
187:
186:
183:
179:
178:
174:
173:
172:
171:
169:John H. Clarke
161:Louis Brandeis
137:William R. Day
125:Joseph McKenna
122:
119:
114:
108:
107:
103:
102:
98:
97:
93:
92:
77:
61:
57:
56:
51:
50:Full case name
47:
46:
40:
39:
34:
26:
25:
17:
13:
10:
9:
6:
4:
3:
2:
1110:
1099:
1096:
1094:
1091:
1089:
1086:
1084:
1081:
1079:
1076:
1074:
1071:
1069:
1066:
1065:
1063:
1052:
1047:
1045:
1040:
1038:
1033:
1032:
1026:
1024:
1020:
1016:
1011:
1008:
1004:
999:
987:
986:
982:
981:
979:
975:
968:
967:
963:
960:
959:
955:
952:
951:
947:
944:
943:
939:
936:
935:
931:
928:
927:
923:
920:
919:
915:
912:
911:
907:
904:
903:
899:
896:
895:
891:
890:
888:
882:
875:
874:
870:
867:
866:
862:
859:
858:
854:
851:
850:
846:
845:
843:
839:
832:
831:
827:
824:
823:
819:
816:
815:
811:
808:
807:
803:
800:
799:
795:
792:
791:
787:
784:
783:
779:
776:
775:
771:
768:
767:
763:
760:
759:
755:
752:
751:
747:
746:
744:
742:Taxable gains
740:
733:
732:
728:
725:
724:
720:
717:
716:
712:
709:
708:
704:
701:
700:
696:
693:
692:
688:
685:
684:
680:
677:
676:
672:
669:
668:
664:
661:
660:
656:
653:
652:
648:
647:
645:
639:
632:
631:
627:
624:
623:
619:
616:
615:
611:
608:
607:
603:
600:
599:
595:
592:
591:
587:
584:
583:
579:
576:
575:
571:
568:
567:
563:
560:
559:
555:
552:
551:
547:
544:
543:
539:
536:
535:
531:
528:
527:
523:
522:
520:
514:
507:
506:
502:
499:
498:
494:
491:
490:
486:
483:
482:
478:
475:
474:
470:
469:
467:
463:
456:
455:
451:
448:
447:
443:
440:
439:
435:
434:
432:
428:
423:
416:
411:
409:
404:
402:
397:
396:
393:
384:
375:
366:
357:
348:
347:CourtListener
339:
332:
328:
324:
320:
319:
315:
307:
303:
299:
294:
291:
288:
286:
282:
271: (1918).
270:
267:
263:
259:
254:
251:
244:
242:
241:
235:
233:
232:
227:
223:
219:
218:
209:
208:
203:
196:
192:
188:
184:
180:
177:Case opinions
175:
170:
166:
162:
158:
154:
150:
149:Mahlon Pitney
146:
142:
138:
134:
130:
126:
123:
120:
118:
115:
113:Chief Justice
112:
111:
109:
104:
99:
94:
89:
85:
81:
75:
74:
69:
66:
62:
58:
55:
52:
48:
41:
37:
27:
22:
16:
1023:expanding it
1012:
997:
983:
964:
956:
948:
940:
932:
924:
916:
908:
900:
892:
871:
863:
855:
847:
828:
820:
812:
804:
796:
788:
780:
772:
764:
756:
748:
729:
721:
713:
705:
697:
689:
681:
673:
665:
657:
649:
628:
620:
612:
604:
596:
588:
580:
572:
564:
556:
548:
540:
532:
524:
503:
495:
487:
480:
479:
471:
452:
444:
436:
322:
301:
293:
278:
257:
253:
236:
229:
225:
216:
215:
214:
205:
199:Overruled by
164:
152:
140:
128:
71:
53:
15:
190:Concurrence
1062:Categories
884:Deductions
245:References
84:U.S. LEXIS
82:372; 1918
1088:Dividends
60:Citations
424:case law
321:Text of
182:Majority
641:Taxable
516:Taxable
356:Findlaw
338:Cornell
193:McKenna
96:Holding
988:(1926)
969:(1987)
961:(1959)
953:(1958)
945:(1958)
937:(1956)
929:(1938)
921:(1934)
913:(1932)
905:(1931)
897:(1915)
876:(1961)
868:(1958)
860:(1952)
852:(1927)
833:(1983)
825:(1962)
817:(1947)
809:(1940)
801:(1940)
793:(1936)
785:(1932)
777:(1929)
769:(1929)
761:(1921)
753:(1921)
734:(1960)
726:(1955)
718:(1955)
710:(1940)
702:(1940)
694:(1938)
686:(1938)
678:(1932)
670:(1932)
662:(1925)
654:(1925)
633:(1937)
625:(1936)
617:(1925)
609:(1924)
601:(1923)
593:(1922)
585:(1921)
577:(1921)
569:(1921)
561:(1920)
553:(1918)
545:(1918)
537:(1918)
529:(1918)
508:(2024)
500:(1926)
492:(1920)
484:(1918)
476:(1913)
465:Income
457:(1916)
449:(1916)
441:(1916)
386:
380:
377:
374:Justia
371:
368:
362:
359:
353:
350:
344:
341:
335:
277:
260:,
167:
165:·
163:
155:
153:·
151:
143:
141:·
139:
131:
129:·
127:
80:L. Ed.
1017:is a
430:Scope
329:
264:
1019:stub
331:U.S.
266:U.S.
73:more
65:U.S.
63:245
327:245
269:418
262:245
88:CCH
68:418
1064::
325:,
234:.
1050:e
1043:t
1036:v
1025:.
414:e
407:t
400:v
287:.
76:)
70:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.