Tax Cases Decided with Opinions by the Supreme Court of the United States |
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Страница 180 - Gross income' includes gains, profits, and income derived from salaries, wages, or compensation for personal service ... of whatever kind and in whatever form paid...
Страница 254 - But where the second action between the same parties is upon a different claim or demand, the judgment in the prior action operates as an estoppel only as to those matters in issue or points controverted, upon the determination of which the finding or verdict was rendered.
Страница 302 - If two or more persons conspire to injure, oppress, threaten or intimidate any citizen in the free exercise or enjoyment of any right or privilege secured to him by the Constitution or laws of the United States...
Страница 40 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (n)) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust. Is during the taxable year paid or permanently set aside...
Страница 153 - That the Constitution, and all the laws of the United States which are not locally inapplicable, shall have the same force and effect within the said Territory of Nebraska as elsewhere within the United States...
Страница 41 - In the case of a taxpayer, other than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken into account in computing net capital gain, net capital loss, and net income : "100 per centum if the capital asset has been held for not more than 6 months; "50 per centum if the capital asset has been held for more than 6 months.
Страница 174 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * « ***** "(2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income.
Страница 261 - For the purposes of this subsection, the term "property used In the trade or business" means property used in the trade or business...
Страница 261 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not Include stock In trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer If on hand at the close of the taxable year or property held by the taxpayer primarily for sale to customers In the ordinary course of his trade or business...
Страница 40 - INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual...