Hitchcock v. United States

PICARD, District Judge.

Findings of Fact.

This is an action to recover the amount of certain income taxes which plaintiff claims were unlawfully assessed by defendant for the year 1932 in the sum of $6,397.30. The parties hereto have stipulated to practically all the facts and this court .has made some findings. Briefly they are these:

On January 15, 1932, plaintiff owned 6,795 shares of S. S. Kresge Company which, he started accumulating in 1920-when he first purchased 20 shares at a cost of $2,600. During the 12 years intervening, according to the stipulation, plaintiff acquired his stock…