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United States v. Woodward, 256 U.S. 632 (1921)
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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.
United States v. Woodward, 256 U.S. 632 (1921)
United States v. Woodward No. 811 Argued April 18, 1921 Decided June 6, 1921 256 U.S. 632
APPEAL FROM THE COURT OF CLAIMS
Syllabus
The Revenue Act of 1918, Title II, taxes by fixed percentages the net income "received by estates of deceased persons during the period of administration or settlement," and provides that the net income shall be ascertained by making from the gross income, as defined, certain deductions, including "taxes paid or accrued within the taxable year imposed by the authority of the United States, except income, war-profits and excess profits taxes."
Held:
(1) That "estate taxes," imposed by the Revenue Act of 1916 are among the taxes deductible. (See New York Trust Co. v. Eisner, ante,345.) P. 634.
(2) That an estate tax "accrued " when, by the terms of the Act of 1916, it became due, viz., one year from the decedent’s death, and, when paid by executors after the income tax year in which it accrued but before their return of income for that year was made or required, was properly deducted. P. 635.
56 Ct.Clms. 133 affirmed.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," United States v. Woodward, 256 U.S. 632 (1921) in 256 U.S. 632 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=TSCR4CCU8VGFH77.
MLA: U.S. Supreme Court. "Syllabus." United States v. Woodward, 256 U.S. 632 (1921), in 256 U.S. 632, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=TSCR4CCU8VGFH77.
Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Woodward, 256 U.S. 632 (1921). cited in 1921, 256 U.S. 632. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=TSCR4CCU8VGFH77.
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