...criterion to which we referred in Willcuts v. Bunn, supra, and again in Graves v. Texas Company, supra. There is no ineluctable logic which makes the doctrine...an independent contractor rendering services to the Gov134 Opinion of the Court. eminent. That doctrine recognizes the direct effect of a tax which "would...

..."the uniform ruling" that interest on Government securities is not subject to income taxes, and says: "That doctrine recognizes the direct effect of a tax...the power to borrow before it is exercised" (Pollock \. Farmers' Loan & T. Co , 157 VS 429, 39 L. Ed. 759, 15 S. Ct. 673, supra) and which would directly...

...computed upon net income." In the same case, he said "That doctrine recognizes the direct effect of a tat which 'would operate on the power to borrow before it is exercised' {Pollock v. Farmers' Loan & T. Co., 157 US 429, 39 L. ed. 759, 15 S. Ct. 673, supra) and which would directly affect the Government's...

...And now with reference to the doctrine of immunity: That doctrine recognizes the direct effect of the tax which would operate on the power to borrow before it is exercised — And then citing the Pollock against the Farmers Loan & Trust Co., and continuing — and which...

...And now with reference to the doctrine of immunity: That doctrine recognizes the direct effect of the tax which would operate on the power to borrow before it is exercised — And then citing the Pollock against the Farmers Loan & Trust Co., and continuing — and which...

...Hughes, and concurred in by Justices Stone, Brandeis, Cardozo, and Black, could not be more definite. There is no ineluctable logic which makes the doctrine...the earnings of an independent contractor rendering service to the Government. That doctrine recognizes the direct effect of a tax which "would operate...

...and concurred in by Justices Stone, Brandeis, Cardozo, and Black could not be more definite. There la no Ineluctable logic which makes the doctrine of immunity...the earnings of an independent contractor rendering service to the Government. That doctrine recognizes the direct effect of a tax which "would operate...

...Hughes and concurred in by Justices Stone, Brandeis, Cardozo, and Black could not be more definite. There is no Ineluctable logic which makes the doctrine of Immunity with reupect to Government bonds applicable to the earnings of an independent contractor rendering service...

...and Black) said (at pp. 152-153): * * * [the doctrine of immunity with respect to Government bonds] recognizes the direct effect of a tax which "would...the power to borrow before it is exercised" [Pollock case] and which would directly affect the Government's obligation as a continuing security. Vital considerations...

...State, the Chief Justice said of the doctrine of reciprocal immunity with respect to Government bonds. That doctrine recognizes the direct effect of a tax...power to borrow before it is exercised" {Pollock v. Fanners' Loan d T. Co., 157 US 429 * * *) and which would directly affect the Government's obligation...