excess
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 439 U.S. 180 - United California Bank v. United States · 1978Most cited · 31 citing opinions
the amount by which, in any year, the taxpayer's "net long-term capital gain exceeds the net short-term capital loss." The Government takes the straightforward position that "excess" means exactly what the statute says—the difference between the taxpayer's net long-term capital gain and his net short-term capital loss—and that this meaning is exactly the same in both the normal and the alternative tax computations.
How often courts cite the case defining “excess”
Court decisions citing the opinion that defined “excess” — 31 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1978–1978
one thing when used in § 1202 and quite another when used in § 1201.