Opinion of The Court
The United States Supreme Court held that a taxpayer's income includes the portion of the recovery paid to the taxpayer's attorney as a contingent fee.
Read more about this topic: Commissioner V. Banks
Famous quotes containing the words opinion and/or court:
“I am not of the opinion generally entertained in this country [England], that man lives by Greek and Latin alone; that is, by knowing a great many words of two dead languages, which nobody living knows perfectly, and which are of no use in the common intercourse of life. Useful knowledge, in my opinion, consists of modern languages, history, and geography; some Latin may be thrown into the bargain, in compliance with custom, and for closet amusement.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“GOETHE, raised o’er joy and strife,
Drew the firm lines of Fate and Life,
And brought Olympian wisdom down
To court and mar, to gown and town,
Stooping, his finger wrote in clay
The open secret of to-day.”
—Ralph Waldo Emerson (1803–1882)