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The IRS challenged the claimed deduction, stating that the illegality of the gambling enterprise required disallowance of the deduction. [7] The Supreme Court upheld the deduction, holding that "to enforce as federal policy the rule espoused by the Commissioner [IRS] in this case, we would come close to making this type of business taxable on ...
[18] [19] The Revenue Act included a deduction for state and local taxes, as well as national taxes. [17] [20] This Civil War-era income tax was repealed in 1871. A federal income tax was again introduced in 1894, and again included deductions for state and local taxes, [19] but in 1895 the Supreme Court ruled the income tax unconstitutional in ...
Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...
The Tax Cuts and Jobs Act (TCJA), enacted in 2017, brought about several significant changes to the U.S. tax code, including modifications to the deductions for legal fees.
The Supreme Court of the United States has heard numerous cases in the area of tax law. This is an incomplete list of those cases. This is an incomplete list of those cases. Article One
While recognizing that the federal government is one of limited and enumerated powers, the Supreme Court has held that Congress may incentivize state governments via appropriations of federal funds to adopt and enforce federal policy goals that otherwise would lay beyond the powers of the federal government directly to impose.
The legal elite from whose ranks Supreme Court Justices were drawn had a relatively homogenous worldview, and so Republican appointees like Earl Warren and William Brennan ended up more liberal ...
Minneapolis Star Tribune Company v. Commissioner, 460 U.S. 575 (1983), was an opinion of the Supreme Court of the United States authored by Justice Sandra Day O'Connor overturning a use tax on paper and ink in excess of $100,000 consumed in any calendar year. The Minneapolis Star Tribune initially paid the tax and sued for a refund.