Ed. Schuster & Co. v. Williams

ALSCHULER, Circuit Judge.

Plaintiff in error, a Wisconsin corporation, with principal office at Milwaukee, duly made its return for the federal income tax for the year ending December 31, 1918. The return was on the “accrual” basis, and one of the deductions was of the income tax of the state of Wisconsin, at the rate in effect December 31, 1918.

July 30, 1919, the Wisconsin Legislature passed a Soldiers’ Bonus Act, which provided for the raising of the entire bonus by one tax levy, of one mill on all assessed property for the year 1919, and a surtax over the normal tax, upon the incomes of…