The Taxing Power of the Federal and State Governments: Report to ... Pursuant to Section 1203(b)(6), Revenue Act of 1925, Printed for the Examination and Use of the Members of the Committee
according action adoption amount applied apportionment assessment assets authority Bank Board bonds brought burden capital carrying citizens claim classification clause collection commerce Company conclusion Congress Constitution contract corporation counties decided decision derived determine direct tax distribution district dividend duties effect Eisner equal excise exempt exercise export fact Federal Government foreign functions gain granted gross ground holding imported imposed income tax Insurance interest invalid investment Justice land legislative legislature levy limitation March matter meaning measured ment operation Pacific paid payment pointed prevent prior privilege profits prohibition provisions question Railroad realized reason received referred regarded regulation result Revenue Act rule securities shares sixteenth amendment sources statute subdivision suit Supreme Court Supreme Court held taxable taxation taxing power taxpayer tion transaction trust unconstitutional uniformity United upheld violate welfare York
Page 94 - To regulate commerce with foreign nations, among the several States, and with the Indian tribes.
Page 14 - AN ACT To provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes...
Page 61 - The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Page 101 - For all the great purposes for / which the Federal government was formed we are one people, with one common country. We are all citizens of the United States, and as members of the same community must have the right to pass and repass through every part of it without interruption, as freely as in our own States.
Page 4 - The authority of Congress, in creating quasi-legislative or quasi-judicial agencies, to require them to act in discharge of their duties independently of executive control, cannot well be doubted; and that authority includes, as an appropriate incident, power to fix the period during which they shall continue, and to forbid their removal except for cause in the meantime.
Page 5 - When an Act of Congress is appropriately challenged in the courts as not conforming to the constitutional mandate, the judicial branch of the Government has only one duty—to lay the article of the Constitution which is invoked beside the statute which is challenged and to decide whether the latter squares with the former.
Page 74 - The power of taxation, however vast in its character and searching in its extent, is necessarily limited to subjects within the jurisdiction of the State. These subjects are persons, property, and business.
Page 25 - The right of Congress to have imposed this tax by a new statute, although the measure of it was governed by the income of the past year, cannot be doubted; much less can it be doubted that it could impose such a tax on the income of the current year, though part of that year had elapsed when the statute was passed.
Page 5 - Congress, in the execution of its powers, adopt measures which are prohibited by the constitution ; or should Congress, under the pretext of executing its powers pass laws for the accomplishment of objects not intrusted to the government, it would become the painful duty of this tribunal, should a case requiring such a decision come before it, to say that such an act was not the law of the land.