James V. United States (1961)
James v. United States, 366 U.S. 213 (1961), was a case in which the United States Supreme Court held that money obtained by a taxpayer illegally was taxable income, even though the law might require the taxpayer to repay the ill-gotten gains to the person from whom they had been taken.
Read more about James V. United States (1961): Facts, Issue, Holding, Rationale, Effect of The Decision, Concurrences and Dissents
Famous quotes containing the words james, united and/or states:
“Ideas are so much flat psychological surface unless some mirrored matter gives them cognitive lustre. This is why as a pragmatist I have so carefully posited ‘reality’ ab initio, and why throughout my whole discussion, I remain an epistemologist realist.”
—William James (1842–1910)
“I thought it altogether proper that I should take a brief furlough from official duties at Washington to mingle with you here to-day as a comrade, because every President of the United States must realize that the strength of the Government, its defence in war, the army that is to muster under its banner when our Nation is assailed, is to be found here in the masses of our people.”
—Benjamin Harrison (1833–1901)
“If the Union is now dissolved it does not prove that the experiment of popular government is a failure.... But the experiment of uniting free states and slaveholding states in one nation is, perhaps, a failure.... There probably is an “irrepressible conflict” between freedom and slavery. It may as well be admitted, and our new relations may as be formed with that as an admitted fact.”
—Rutherford Birchard Hayes (1822–1893)