taxability
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 303 U.S. 493 - Guaranty Trust Co of New York v. Commissioner of Internal Revenue · 1938Most cited · 186 citing opinions
Receipt of income or accrual of the right to receive it within the tax year is the test of taxability, not the time it has taken the taxpayer to earn it nor the duration of his investments which have finally resulted in profit.
How often courts cite the case defining “taxability”
Court decisions citing the opinion that defined “taxability” — 186 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.