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income tax

Defined in 6 dictionaries — Case Law, U.S. Code, Ballentine's (1916), Bouvier (1914), Black's (1910), Black's (1891)

Definitions from Case Law

From 300 U.S. 308 - People of the State of New York Cohn v. Graves · 1937Most cited · 389 citing opinions

The incidence of a tax on income differs from that of a tax on property. Neither tax is dependent upon the possession by the taxpayer of the subject of the other. His income may be taxed, although he owns no property, and his property may be taxed, although it produces no income. The two taxes are measured by different standards, the one by the amount of income received over a period of time, the other by the value of the property at a particular date.

Show all 2 Supreme Court definitions and how they changed over time 1937–1953

United States Code

4 U.S.C. § 110 — in this section

The term “income tax” means any tax levied on, with respect to, or measured by, net income, gross income, or gross receipts.

4 U.S.C. § 114 — for purposes of this section

The term “income tax” has the meaning given such term by section 110(c).

Show all 2 definitions and how they changed over time

Ballentine's Law Dictionary

James A. Ballentine · 1916

A tax on the product of property or from business pursuits. See 97 Ky. 394, 28 L. R. A. 480, 30 S. W. 973.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

See Tax.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

See Income.

Indirect taxes. those demanded in the first instance from one person in the expectation and intention that he shall indemnify himself at the expense of another. "Ordinarily all taxes paid primarily by persons who can shift the burden upon some one else, or who are under no legal compulsion to pay them, are considered indirect taxea" Pollock v. Farmers' It. & T. Co., l57 U. S. 429, 15 Sup. Ct. 673, 39 L. Ed. 759; Springer v. U. S„ 107 U. S. 602, 26 L. Ed. 253; Thomasson v. State, 15 Ind. '451.

Defined under Tax in Black's Law Dictionary.

A Dictionary of Law

Henry Campbell Black · 1891

A tax on the yearly profits arising from property, professions, trades, and oflices. 2 Steph. Comm. 573. Incommodum non solvit argumentum. An inconvenience does not destroy an argument.