Paine v. City of Oshkosh

This case is ruled by the case of State ex rel. Columbia Const. Co. v. Tax Commission, 166 Wis. 369, 165 N. W. 382. It was there held that dividends issued by a corporation stockholder, out of income derived from a corporation that had paid its income tax on its income, to its stockholder, in that case a corporation, were not exempt from taxation. The statute provides for no exemption in *72such cases and the courts can make none. The legal entity of corporations cannot be destroyed to relieve an apparent or real hardship. The Wisconsin and Maine corporations are in law as much separate entities…