Frank Lyon Co. V. United States
Frank Lyon Company v. United States, 435 U.S. 561 (1978), was a United States Supreme Court case in which the Court held that the title owner that acquired depreciable real estate as if the owner were a mere conduit or agent was indeed the owner and, for Federal income tax purposes, had the legal right to take tax deductions associated with depreciation on the building.
Read more about Frank Lyon Co. V. United States: Background, Subsequent Developments
Famous quotes containing the words united states, frank, lyon, united and/or states:
“In the United States the whites speak well of the Blacks but think bad about them, whereas the Blacks talk bad and think bad about the whites. Whites fear Blacks, because they have a bad conscience, and Blacks hate whites because they need not have a bad conscience.”
—Friedrich Dürrenmatt (1921–1990)
“Are sailors, frequenters of fiddlers’ greens, without vices? No; but less often than with landsmen do their vices, so called, partake of crookedness of heart, seeming less to proceed from viciousness than exuberance of vitality after long constraint: frank manifestations in accordance with natural law.”
—Herman Melville (1819–1891)
“... no other railroad station in the world manages so mysteriously to cloak with compassion the anguish of departure and the dubious ecstasies of return and arrival. Any waiting room in the world is filled with all this, and I have sat in many of them and accepted it, and I know from deliberate acquaintance that the whole human experience is more bearable at the Gare de Lyon in Paris than anywhere else.”
—M.F.K. Fisher (1908–1992)
“The professional celebrity, male and female, is the crowning result of the star system of a society that makes a fetish of competition. In America, this system is carried to the point where a man who can knock a small white ball into a series of holes in the ground with more efficiency than anyone else thereby gains social access to the President of the United States.”
—C. Wright Mills (1916–1962)
“I think those Southern writers [William Faulkner, Carson McCullers] have analyzed very carefully the buildup in the South of a special consciousness brought about by the self- condemnation resulting from slavery, the humiliation following the War Between the States and the hope, sometimes expressed timidly, for redemption.”
—Jimmy Carter (James Earl Carter, Jr.)