Court : US Supreme Court
..... s. 124 said society, and shall be appropriated to the use of said society in the same manner and subject to the same use as the rents or income of said property are by said will required to be appropriated, and for no other uses or purposes whatever. and all mortgages or investments made as aforesaid from ..... of building; that other parts of the estate are subject to other embarrassments arising from the restrictions of the will, so that said property has become unproductive and the income greatly reduced, and the object of the testator in devising the property to the society frustrated; that those embarrassments, both to the owners and occupants, consequent on ..... the property, collect the rents, and pay them over to the society, to protect the possession, prevent waste, see that the taxes are paid, and in the words of the testator, "do all other legal acts for the well ordering and management of the estate." being thus in the exclusive possession and control of the property and having .....
Tag this Judgment!Court : US Supreme Court
..... taxes; but when they have not so contracted, they are authorized to deduct or withhold the amount ..... in order to secure the mortgagee, who may not be in possession, from demand for taxes incurred while the mortgagor was in possession. it can have no possible application to the income tax of bondholders. the 122d section of the revenue act of 1864 was enacted for greater facility of collection of the tax. these corporators often contract to pay for the bondholder all such .....
Tag this Judgment!Court : US Supreme Court
..... a statute of massachusetts having another form, more or less different. the present case was thus: a statute of massachusetts of 1862 (entitled "an act to levy taxes on certain insurance companies and on depositors in savings banks") provides by its fourth section that every institution for savings incorporated under the laws of that ..... of the judiciary act, and removed the cause into this court. by their charter, the corporation defendants were empowered to receive deposits from any person or persons disposed to become depositors and to use and improve the same to the best advantage, but they were require to apply and divide the income or profit thereof, ..... which may be the subject of taxation, and stated that it had been applied by the legislature from the earliest practice under the constitution, as authorizing a tax upon the privilege of pursuing particular branches of business and employment. they defined the term to mean "convenience, privilege, profit, and gains," and affirmed that .....
Tag this Judgment!Court : US Supreme Court
..... united states were issued and put into the market. charters were subsequently granted by the state to savings and building associations, which are stock companies, and the tax act of 1857 was so modified as to include the stock of those corporations. [ footnote 16 ] savings and building associations, as they are called, are also included in ..... by its charter to receive such deposits in trust for the owner, and to loan, use, and improve the same, and to apply and divide the net income and profits thereof in just proportions among the persons making such deposits, subject to certain reasonable deductions as therein provided. like other corporations they may choose their own ..... of the opinion that there is no error in the record. judgment affirmed with costs. the chief justice, grier, j., and miller, j., dissented on the ground that the tax was a tax on the property, and not upon the franchises and privileges of the plaintiff in error. [ see the 73 u. s. ] [ footnote 1 ] 12 stat. at large .....
Tag this Judgment!Court : US Supreme Court
..... . s. 434 statement of the case. added to his return when made in coined money, and that he shall pay the tax or duty upon the amount thus increased. 2. the income tax or duties laid by 105 and 120 of the act of june 30, 1864, and the amendment thereto of july 13, 1866, upon the amounts insured, renewed, or continued by insurance ..... , or continued by insurance companies; upon the gross amount of premiums received and assessments by them; and a tax also upon dividends, undistributed sums, and income. a portion of the ninth section of the internal revenue act of july 13, 1866, [ footnote 3 ] and acts amendatory thereto, provide: "that it shall be the duty of all persons required to make returns or lists of .....
Tag this Judgment!Court : US Supreme Court
..... all which objects," the will proceeded, "the prosperity of the city, and the health and comfort of its inhabitants i devote the said fund as aforesaid, and direct the income thereof to be applied yearly and every year forever, after providing for the college as hereinbefore directed as my primary object. " in conclusion, he directed that if the city ..... buildings as the said square of ground shall be adequate to shall be taken from the final residuary fund hereinafter expressly referred to for the purpose, comprehending the income of my real estate in the city and county of philadelphia, and the dividends of my stock in the schuylkill navigation company, my design and desire being that ..... required so to lay them as to show how much was laid for each object supported respectively, and this exhibition was required by the act to be printed on the tax bills furnished to the taxpayers, as thus: "for the relief of the poor, 15 cents in the $100 of the assessed value of said property. " page 74 u. .....
Tag this Judgment!Court : US Supreme Court
..... or interest to the holder, to retain the amount of the tax. the united states, also, by certain acts, laid what is known as the income tax. the first tax of this kind was imposed by the act of congress passed august 5, 1861. [ footnote 2 ] the 49th section of that act directed that there should be levied and collected upon page 74 u ..... was regarded as simply a mode of collecting this part of the income tax. we concur in this view. it is not important, however, to pursue the argument, as congress has since, in express terms, by the acts of march 10 and july 13, 1866, imposed a tax on alien nonresident bondholders. the question hereafter will be not whether the ..... . s. 263 the annual income of every person residing in the united .....
Tag this Judgment!Court : US Supreme Court
..... , so that the laws of the united states could not be executed therein, it should be the duty of the president to collect both land tax and income tax, with six percent interest, according to the provisions of the act, as soon as the authority of the government should be reestablished. afterwards, however, the rebellion having now become widespread and assumed far greater magnitude ..... of the united states should be reestablished therein, to collect both the land tax and the income tax, with six percent interest. the income tax thus imposed has never been collected, but provision was made by the act of june 7, 1862, for the collection of the land tax in the insurgent states. this act or some similar provision was necessary to enable the president to perform the .....
Tag this Judgment!Court : US Supreme Court
..... and not to the collection of the cotton tax, as that is made a specific lien on the cotton, which ..... in the notice that the tax on the cotton is unpaid is a fraudulent and corrupt fabrication. 2. that the proceedings threatened by the collector are not authorized by the acts of congress providing for the collection of such taxes; that such proceedings are applicable only to the collection of taxes on incomes, licenses, and the like, ..... provision was in force, were authorized to enjoin the collection of internal revenue taxes, but it is not necessary to decide the point, as congress subsequently repealed the fiftieth section of the last-named act and expressly enacted that the original act should not be so construed as to apply to cases arising under the .....
Tag this Judgment!Court : US Supreme Court
..... perform certain services for full compensation, independently of those grants, and will admit the government to a very limited and wholly contingent interest in remote net income. and because of these advances and these grants and this fully compensated employment, it is claimed that this state corporation, owing its being to state law ..... suppress insurrection and invasion, and that by the legislation which supplied aid, required security, imposed duties, and finally exacted upon a certain contingency a percentage of income, the road was adopted as an instrument of the government, and as such was not subject to taxation by the state. page 76 u. s. 588 ..... , and jefferson counties in the state of kansas. the bill stated that the complainants were stockholders in the railway company; that under an act of the legislature of kansas, certain taxes had been imposed on the railroad and telegraph property of the company, which the treasurers of the counties named were proceeding to collect; that .....
Tag this Judgment!