Judgment Search Results Home > Cases Phrase: mussalman wakf validating act 1930 section 1 short title Sorted by: old Year: 1895 Page 1 of about 1 results (0.202 seconds)

Pollock Vs. Farmers' Loan and Trust Co.

Court : US Supreme Court

..... or income of real estate, is in violation of the constitution, and is invalid. another question is directly presented by the record as to the validity of the tax levied by the act upon the income derived from municipal bonds. the averment in the bill is that the defendant company owns two millions of the municipal bonds of the ..... of public policy, and should not be ignored. in cheatham v. united states, 92 u. s. 85 , 92 u. s. 89 , which involved the validity of an income tax levied under an act of congress prior to the one here in issue, this court, through mr. justice miller, said: "if there existed in the courts, state or national, any ..... not direct taxes within the meaning of the constitution of the united states?" the issue, therefore, necessarily brought before this court was whether an act imposing an income tax on every possible source of revenue was valid or invalid. the case was carefully, ably, elaborately, and learnedly argued. the brief on behalf of the company, filed by mr. wills, .....