Towne v. Eisner

Supreme Court of the United States

Argued December 12, 1917
Decided January 7, 1918

Full case name

Towne v. Eisner, Collector of United States Internal Revenue for the Third District of the State of New York

Citations

38 S. Ct. 158; 62 L. Ed. 372; 1918 U.S. LEXIS 2143; 1 U.S. Tax Cas. (CCH) P14; 3 A.F.T.R. (P-H) 2959

Court membership

Chief Justice Edward D. White

Associate Justices Joseph McKenna · Oliver W. Holmes, Jr. William R. Day · Willis Van Devanter Mahlon Pitney · James C. McReynolds Louis Brandeis · John H. Clarke

Case opinions

Majority

Holmes, joined by White, Day, Van Devanter, Pitney, McReynolds, Brandeis, Clarke

Concurrence

McKenna

Towne v. Eisner, 245 U.S. 418 (1918), is a United States Supreme Court case in which the Court held that "a stock dividend based on accumulated profits was not 'income' within the true intent of the statute." Congress passed a new law in reaction to Towne v. Eisner, and as a result the case was soon overturned by the Supreme Court in Eisner v. Macomber.

External links

Towne v Eisner, 245 U.S. 418 (1918).

United States Sixteenth Amendment case law

Scope	Brushaber v. Union Pacific Railroad (1916) Stanton v. Baltic Mining Company (1916) Tyee Realty Co. v. Anderson (1916)

Income	Stratton's Independence, Ltd. v. Howbert (1913) Towne v. Eisner (1918) Eisner v. Macomber (1920) Bowers v. Kerbaugh-Empire Co. (1926)

Taxable corporate dividends	Lynch v. Turrish (1918) Southern Pacific Co. v. Lowe (1918) Lynch v. Hornby (1918) Peabody v. Eisner (1918) Eisner v. Macomber (1920) United States v. Phellis (1921) Rockefeller v. United States (1921) Merchants' Loan & Trust v. Smietanka (1921) Miles v. Safe Deposit Co. (1922) Cullinan v. Walker (1923) Weiss v. Stearn (1924) Marr v. United States (1925) Koshland v. Helvering (1936) Helvering v. Gowran (1937)

Taxable corporate earnings	Edwards v. Cuba Railroad (1925) Burk-Waggoner Assoc. v. Hopkins (1925) Texas & Pacific Railway Co. v. United States (1932) Continental Tie & Lumber Co. v. United States (1932) Helvering v. Mitchell (1938) Helvering v. National Grocery (1938) Helvering v. Northwest Steel Mills (1940) Crane-Johnson Co. v. Helvering (1940) Commissioner v. Glenshaw Glass Co. (1955) General American Investors Co. v. Commissioner (1955) Commissioner v. Gillette Motor Co. (1960)

Taxable gains	Goodrich v. Edwards (1921) Walsh v. Brewster (1921) Taft v. Bowers (1929) Lucas v. Alexander (1929) Burnet v. Harmel (1932) United States v. Safety Car Heating Co. (1936) Helvering v. Bruun (1940) Helvering v. Horst (1940) Crane v. Commissioner (1947) United States v. Davis (1962) Commissioner v. Tufts (1983)

Unlawful income	United States v. Sullivan (1927) Rutkin v. United States (1952) Commissioner v. Sullivan (1958) James v. United States (1961)

Deductions and exemptions	Brushaber v. Union Pacific Railroad (1915) Burnet v. Sanford & Brooks Co. (1931) McLaughlin v. Alliance Ins. Co. (1932) Helvering v. Independent Life Ins. Co. (1934) Helvering v. Winmill (1938) Millinery Corp. v. Commissioner (1956) Tank Truck Rentals v. Commissioner (1958) Hoover Express Co. v. United States (1958) Cammarano v. United States (1959) United States v. General Dynamics Corp. (1987)

Diminution of loss	Bowers v. Kerbaugh-Empire Co. (1926)

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