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Peabody v. Eisner, 247 U.S. 347 (1918)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Peabody v. Eisner, 247 U.S. 347 (1918)
Peabody v. Eisner No. 705 Argued March 4, 5, 6, 1918 Decided June 3, 1918 247 U.S. 347
ERROR TO THE DISTRICT COURT OF THE UNITED STATES
FOR THE SOUTHERN DISTRICT OF NEW YORK
Syllabus
A dividend received by a shareholder after, from surplus profit of the corporation existing before, March 1, 1913, was subject to the "surtax" under the Income Tax Act of 1913. Lynch v. Hornby, ante,339. A dividend by a corporation of shares owned by it in another corporation is not a stock dividend, and is subject to the tax, like an equivalent distribution of money. Towne v. Eisner, 245 U.S. 418, distinguished.
Affirmed.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Peabody v. Eisner, 247 U.S. 347 (1918) in 247 U.S. 347 Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=4S2BXXTZ86F6EMF.
MLA: U.S. Supreme Court. "Syllabus." Peabody v. Eisner, 247 U.S. 347 (1918), in 247 U.S. 347, Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=4S2BXXTZ86F6EMF.
Harvard: U.S. Supreme Court, 'Syllabus' in Peabody v. Eisner, 247 U.S. 347 (1918). cited in 1918, 247 U.S. 347. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=4S2BXXTZ86F6EMF.
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