Anderson v. Forty-Two Broadway Co.’s Empirical Analysis

Citation profile

38 federal appellate · 15 district · 4 state decisions

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 84 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. ““Such net income shall be ascertained by deducting from the gross amount of the income of such corporation, joint-stock company or association, or insurance company, received within the year from all sources (first) * * * (second) * * * (third) the amount of interest accrued and paid within the year on its indebtedness to an amount of such indebtedness not exceeding one-half of the sum of its interest-bearing indebtedness and its paid-up capital stock outstanding at the close of the year, or if no capital stock, the amount of interest paid within the year on an amount of its indebtedness not exceeding the amount of capital employed in the business at the close of the year: Provided, that in ease of indebtedness wholly secured by collateral the subject of sale in ordinary business of such corporation, joint-stock eompany, or association, the total interest secured and paid by such company, corporation, or association, within the year on any such indebtedness may be deducted as a part of its expense of doing business. * * * ” Section 12a, third, of the Revenue Act of September 8, 1916, provides in part as follows: “The amount of interest paid within the year on its indebtedness * * * to an amount of such indebtedness not in excess of the sum of (a) the entire amount of the paid-up capital stock outstanding at the close of the year, or, if no capital stock, the entire amount of capital employed in the business at the close of the year, and (b) one-half of its interest-bearing in”

   1 later decision quote this exact passage · from the majority
   e.g. Ivy Courts Realty Co. v. United States

2. ““Where a , realty corporation takes title to real property subject to a mortgage, but does not assume the indebtedness secured thereby, * * * ‘such mortgage is in no sense its indebtedness; * * * the real property and not the corporation, is liable for the * * * interest thereon; but in order that the corporation may maintain or keep possession of or not be ousted therefrom, the interest must be paid.’ * * * The interest accruing, upon such charge or incumbrance would * * * fan within the description in the first clause of [section 38], as one of the‘charges * * * required to be made as a condition to the continued use or possession of property.’ ””

   1 later decision quote this exact passage · from the majority
   e.g. United States v. Barwin Realty Co.

3. ““That every corporation * * * organized for profit * * * and engaged m business in any state * * shall be subject to pay annually a special excise tax with respect to the carrying on or doing business by such corporation. * * * ” Comp. St. 1913, § 6300.”

   1 later decision quote this exact passage · from the majority
   e.g. Public Service Ry. Co. v. Herold