anticipatory assignment
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 356 U.S. 260 - Commissioner of Internal Revenue v. P G Lake · 1958Most cited · 1,055 citing opinions
if one, entitled to receive at a future date interest on a bond or compensation for services, makes a grant of it by anticipatory assignment, he realizes taxable income as if he had collected the interest or received the salary and then paid it over
How often courts cite the cases defining “anticipatory assignment”
Court decisions citing the 2 opinions that defined “anticipatory assignment” — 1,894 in all, by decade. Counts are citations to the defining cases 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 · 1941–1958
- ORIGINAL
the power to dispose of income is the equivalent of ownership of it and that the exercise of the power to procure its payment to another, whether to pay a debt or to make a gift, is within the reach of the statute taxing income 'derived from any source whatever