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Once again, a taxpayer challenged the legality of the income tax. In Pollock v. Farmers' Loan and Trust Company (1895), [2] Charles Pollock sued the corporation in which he owned stock, contending that the corporation should never have paid the income tax because the tax was unconstitutional. In this case, the tax was paid on income from land.
Commissioner v. Glenshaw Glass Co., 348 U.S. 426 (1955), was an important income tax case before the United States Supreme Court.The Court held as follows: Congress, in enacting income taxation statutes that comprehend "gains or profits and income derived from any source whatever," intended to tax all gain except that which was specifically exempted.
Arthur Koestler CBE (UK: / ˈ k ɜː s t l ər /, US: / ˈ k ɛ s t-/; German:; Hungarian: Kösztler Artúr; 5 September 1905 – 1 March 1983) was an Austro-Hungarian-born author and journalist. Koestler was born in Budapest , and was educated in Austria, apart from his early school years.
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...
The federal income tax remained in effect until its repeal in 1872. [4] The constitutionality of the federal income tax was later upheld by the Supreme Court in the 1881 case of Springer v. United States. The Socialist Labor Party advocated a graduated income tax in 1887. [5] The Populist Party "demanded a graduated income tax" in its 1892 ...
In United States tax law history, the Tariff of 1883 (signed into law on March 3, 1883 [1]), also known as the Mongrel Tariff Act by its critics, reduced high tariff rates only marginally, and left in place fairly strong protectionist barriers.
With this number of original jurisdiction courts involved in making legal determinations on federal tax matters and thirteen United States courts of appeals exercising appellate jurisdiction, observers recognize and are concerned that the tax laws can be interpreted differently for like cases. As examples, Supreme Court decisions in the well ...
United States, 296 F. Supp. 3 (N.D. Ohio 1969), [1] is a historic case decided by the U.S. District Court for the Northern District of Ohio, where the court ruled that treasure trove property is included in gross income for the tax year when it was discovered. The case is frequently cited in American law school textbooks as an example of the ...