Commissioner v. Glenshaw Glass Co.
http://dbpedia.org/resource/Commissioner_v._Glenshaw_Glass_Co. an entity of type: Thing
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.
* Income is not limited to "the gain derived from capital, from labor, or from both combined."
* Although the Court used this characterization in Eisner v. Macomber, it "was not meant to provide a touchstone to all future gross income questions."
* Instead, income is realized whenever there are "instances of [1] undeniable accessions to wealth, [2] clearly realized, and [3] over which the taxpayers have complete dominion."
* Under this
rdf:langString
rdf:langString
Commissioner v. Glenshaw Glass Co.
rdf:langString
rdf:langString
Commissioner of Internal Revenue v. Glenshaw Glass Company
xsd:integer
3136445
xsd:integer
1104246091
rdf:langString
Rehearing denied, .
rdf:langString
Douglas
rdf:langString
Black, Reed, Frankfurter, Burton, Clark, Minton
xsd:integer
75
<second>
17280.0
xsd:integer
426
xsd:integer
348
xsd:gMonthDay
--02-28
xsd:integer
1955
rdf:langString
Commissioner v. Glenshaw Glass Co.,
xsd:gMonthDay
--03-28
xsd:integer
1955
rdf:langString
Commissioner of Internal Revenue v. Glenshaw Glass Company
rdf:langString
The Court held that Congress, in enacting the income taxation statutes, intended to tax all gain except that which was specifically exempted.
rdf:langString
Commissioner v. Glenshaw Glass Co.
rdf:langString
Warren
rdf:langString
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.
* Income is not limited to "the gain derived from capital, from labor, or from both combined."
* Although the Court used this characterization in Eisner v. Macomber, it "was not meant to provide a touchstone to all future gross income questions."
* Instead, income is realized whenever there are "instances of [1] undeniable accessions to wealth, [2] clearly realized, and [3] over which the taxpayers have complete dominion."
* Under this definition, punitive damages qualify as "income" -- even though they are not derived from capital or from labor.
rdf:langString
Harlan
xsd:nonNegativeInteger
6059