 | United States. Supreme Court - 1972 - 1128 pages
...always has been that in order to be taxed for income, a taxpayer must have complete dominion over it. "The income that is subject to a man's unfettered...his income, whether he sees fit to enjoy it or not." Corliss v. Bowers, 281 US 376, 378 (1930). It is, of course, well established that income assigned... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1930 - 880 pages
...with actual command over the property taxed, the actual benefit for which the tax is paid. P. 378. 2. The income that is subject to a man's unfettered command...his income, whether he sees fit to enjoy it or not. P. 378. 3. Under § 219, (g), (h), of the Revenue Act of 1924, the income from a fund that has been... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1930 - 876 pages
...with actual command over the property taxed, the actual benefit for which the tax is paid. P. 378. 2. The income that is subject to a man's unfettered command...his income, whether he sees fit to enjoy it or not. P. 378. 3. Under § 219, (g), (h), of the Revenue Act of 1924, the income from a fund that has been... | |
 | United States. Congress. House. Committee on Ways and Means - 1934 - 338 pages
...appropriate, it does not matter whether the permission is given by assent or by failure to express dissent. The income that is subject to a man's unfettered command...his income, whether he sees fit to enjoy it or not." The community-property cases above cited show conclusively that community income is not "subject to... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1937 - 144 pages
...upholding the right of the Government to tax the income from a revocable trust to the grantor, said : The income that is subject to a man's unfettered command...his income whether he sees fit to enjoy it or not. (c) Irrevocable trusts. Not only may the income of a revocable trust be taxed to the grantor but also... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1936 - 144 pages
...upholding the right of the Government to tax the income from a revocable trust to the grantor, said: The income that is subject to a man's unfettered command...his income whether he sees fit to enjoy it or not. (o) Irrevocable trusts. Not only may the income of a revocable trust be taxed to the grantor but also... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 520 pages
...is with actual command over the property taxed—the actual benefit for which the tax is paid. and , The income that is subject to a man's unfettered command...his own option may be taxed to him as his income. Mr. Crowther. Mr. Chairman, if I may interrupt the witness at , The Chairman. Mr. Crowther. that point... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 496 pages
...is with actual command over the property taxed—the actual benefit for which the tax is paid. and The income that is subject to a man's unfettered command...his own option may be taxed to him as his income. Mr. CROWTHER. Mr. Chairman, if I may interrupt the witness at that point— The CHAIRMAN. Mr. Crowther.... | |
 | United States. Tax Court - 1953 - 1328 pages
...actual command over the property taxed—the actual benefit for which the tax is paid. • • • The income that is subject to a man's unfettered command...to enjoy at his own option may be taxed to him as hi« Income, whether he sees fit to enjoy it or not. * * * Here, the trustees not only retained the... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 662 pages
...disposition, is subject to tax for the year during which so credited or set apart." Or, in other words, income that is subject to a man's unfettered command...his income whether he sees fit to enjoy it or not.** To complete the short survey on taxing principles, a word should he added as to when income is realized... | |
| |
One of the basic precepts of the income tax law is that “[t]he income that is subject to a man's unfettered command and that he is free to enjoy at his own option may be taxed to him as his income, whether he sees fit to enjoy it or not. 
