TITLE

Tax-Exempt Securities

AUTHOR(S)
Corwin, Edward S.
PUB. DATE
January 1923
SOURCE
New Republic;1/31/23, Vol. 33 Issue 426, p243
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Presents information regarding constitutional provisions related to the exemption of governmental securities from taxation. Contention that the whole body of doctrine upon which the exemption of governmental securities rests, is simply judge-made law, for which the text of the Constitution furnishes not a single peg; Debate over the exemption of state and local bonds from national exemption; Contention that It is difficult to see how a general income tax which incidentally taxes incomes from municipal and state bonds is a tax on the state's borrowing power; Urge that the Supreme Court has adopted the view that the Sixteenth Amendment was not intended to enlarge U.S. Congress's power of taxing incomes.
ACCESSION #
15213905

 

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