Taft v. Bowers

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Taft v. Bowers
by James Clark McReynolds
Syllabus
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Taft v. Bowers, 278 U.S. 470 (1929), was a case heard before the United States Supreme Court dealing with taxation of a gift of shares of stock under the Sixteenth Amendment to the United States Constitution. The recipient of shares of stock, Elizabeth Taft, argued that she could not be taxed on the amount that the gift increased in value before she received it. She agreed that the IRS could tax the increase in value of the gift that occurred after her receipt of the gift.

878526Taft v. Bowers — SyllabusJames Clark McReynolds

United States Supreme Court

278 U.S. 470

Taft  v.  Bowers

 Argued: Oct. 9, 1928. --- Decided: Feb 18, 1929

Messrs. Henry W. Taft and Clarence Castimore, both of New York City, for petitioners in No. 16.

[Argument of Counsel from pages 471-475 intentionally omitted]

Messrs. Hiram C. Todd, and Roger S. Baldwin, both of New York City, for petitioners in No. 17.

The Attorney General and Mr. E. G. Davis, Sp. Asst. Atty. Gen., for respondent.

[Argument of Counsel from page 477 intentionally omitted]

Mr. Justice McREYNOLDS delivered the opinion of the Court.

Notes

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This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).

Public domainPublic domainfalsefalse

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