Court : US Supreme Court
..... , or whether it had been made by the city through its appointees, the trustees, for itself. if the former, it was taxable under the provisions of the revenue acts, which taxed all gas "made and sold;" if the latter, it came within an exception which exempted articles made by any person "not for sale, but for his or their ..... at stated intervals, though practically the matter was, in a good degree, a provision by the city page 72 u. s. 725 for the support of works whose income paid the interest on, and provided a sinking fund for final redemption of its own "gas loans" held by various creditors. the court below was of opinion that the ..... duties, and to confine its operation to the purposes for which it was originally passed, but the proviso does not touch the provision as reenacted in the subsequent act, entitled an act to provide ways and means for the support of the government, and for other purposes. had legislation stopped there, the subsequent provision would have remained in full force .....
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..... 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 .....
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..... , 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 .....
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..... 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 .....
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..... . 535 the veazie bank was a corporation chartered by the state of maine, with authority to issue bank notes for circulation, and the notes on which the tax imposed by the act was collected were issued under this authority. there was nothing in the case showing that the bank sustained any relation to the state as a financial agent or ..... and may very well be classed under the head of duties. certainly it is not, in the sense of the constitution, a direct tax. it may be said to come within the same category of taxation as the tax on incomes of insurance companies, which this court, at the last term, in the case of pacific insurance company v. soule, [ footnote 27 ..... ] held not to be a direct tax. is it, then, a tax on a franchise granted by a state, which congress, upon any principle .....
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