Miller v. Milwaukee

This is a suit to recover the amount of taxes alleged to have been unconstitutionally exacted from the plaintiffs’ testator. The facts are agreed and the only question is the validity of the tax under the Constitution of the United States. The testator held stock in Wisconsin corporations that owned United States bonds issued under the Acts of April 24, and September 24, 1917. The interest upon these bonds was credited by the corporations to their surplus, and subsequently was distributed to the stockholders in dividends of stock or cash. The corporations.paid a tax upon their income, except,…