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Deganay v. Lederer, 250 U.S. 376 (1919)
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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.
Deganay v. Lederer, 250 U.S. 376 (1919)
DeGanay v. Lederer No. 319 Argued April 23, 1919 Decided June 9, 1919 250 U.S. 376
CERTIFICATE FROM THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
Stocks and bonds issued by domestic corporations, and mortgages secured on domestic real estate, were owned by an alien nonresident but were in the hands of an agent in this country, empowered to sell, assign and transfer any of them and to invest and reinvest the proceeds as it might deem best in the management of the business affairs of the owner. Held that the income was subject to tax under the Income Tax Law of October 3, 1913, c. 16, § II, A, subdiv. 1, 38 Stat. 166, as income from "property owned . . . in the United States by persons residing elsewhere." P. 380.
Bonds, mortgages and certificates of stock are ordinarily regarded as "property," and that term is presumed to have been used in the statute with its ordinary sense, nothing to the contrary appearing. Id.
It is well settled that such property may have a situs for taxation at a place other than the owner’s domicile. P. 381.
The case is stated in the opinion.
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Chicago: U.S. Supreme Court, "Syllabus," Deganay v. Lederer, 250 U.S. 376 (1919) in 250 U.S. 376 250 U.S. 378. Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=Y3V5MJGXT7H356X.
MLA: U.S. Supreme Court. "Syllabus." Deganay v. Lederer, 250 U.S. 376 (1919), in 250 U.S. 376, page 250 U.S. 378. Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=Y3V5MJGXT7H356X.
Harvard: U.S. Supreme Court, 'Syllabus' in Deganay v. Lederer, 250 U.S. 376 (1919). cited in 1919, 250 U.S. 376, pp.250 U.S. 378. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=Y3V5MJGXT7H356X.
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