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1920 Standard Fed. Tax Rep. [i] (1920)

handle is hein.fstax/stfdtxr0202 and id is 1 raw text is: 























       Stock Dividends Not Taxable.

     The United States Supreme Court in a five to four decision
 in the Macomber vs. Eisner case held that stock dividends are not
 '-income and hence are not taxable, affirming the decision of the
PWourt below. Mr. Justice Pitney read the majority opinion. Mr.
Justice Brandeis and Mr. Justice Holmes read dissenting opinions.

     Copies of the opinions will go forward to subscribers at the
  earliest possible moment.

                           THE CORPORATION TRUST CO.

  ,archl 8, 1920.

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