Analyze all or a portion of Eisner v. Macomber, using the Issue, Rule, Application, and Conclusion methodology in your comments below. Remember to “Blue Book” where appropriate.
Eisner v. Macomber, 252 US 189 – Supreme Court 1920
1 thought on “Eisner v. Macomber, 252 US 189 – Supreme Court 1920”
Leave a Reply
Facts: Stock dividend issue. Congress didn’t tax stock dividends.
Issue: Is stock dividend taxable?
Rule: Internal revenue code Sec. 305
Application: No economic gain to shareholder.
Conclusion: No.