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
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